Uranium Energy (UEC) Shares are Up 2.97%

Uranium Energy (UEC) : Traders are bullish on Uranium Energy (UEC) as it has outperformed the S&P 500 by a wide margin of 5.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.97% in the last 1 week, and is up 5.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 6.3%.The 200 Day SMA reached 14.52%. Uranium Energy Corp. has dropped 7.14% during the last 3-month period . Year-to-Date the stock performance stands at -1.89%.


Uranium Energy (NYSEMKT:UEC): After opening at $1.01, the stock dipped to an intraday low of $1 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.06 and the buying power remained strong till the end. The stock closed at $1.04 for the day, a gain of 1.96% for the day session. The total traded volume was 311,416. The stocks close on the previous trading day was $1.02.

Uranium Energy Corp., formerly Carlin Gold Inc., is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8). The Company has uranium processing facility or mill located in the state of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8. The Companys projects include Burke Hollow Project, Goliad Project, Longhorn Project, Salvo Project, Nichols Project, Anderson Project, Workman Creek Project, Los Cuatros Project, Slick Rock Project, Yuty Project and Coronel Oviedo Project.

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