Stock Traders Buy Large Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of unusually large options trading on Monday. Traders purchased 26,634 call options on the company. This represents an increase of 62% compared to the typical volume of 16,452 call options.

Uranium Energy Stock Up 7.0%

Shares of NYSEAMERICAN UEC traded up $0.77 during trading hours on Monday, reaching $11.80. 10,044,788 shares of the stock traded hands, compared to its average volume of 10,348,334. The company has a market capitalization of $5.84 billion, a P/E ratio of -98.54 and a beta of 1.12. Uranium Energy has a 52-week low of $5.90 and a 52-week high of $20.34. The company’s 50-day simple moving average is $13.84 and its two-hundred day simple moving average is $14.30.

Hedge Funds Weigh In On Uranium Energy

Large investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in Uranium Energy in the 3rd quarter worth approximately $33,000. Strategic Advocates LLC purchased a new position in Uranium Energy in the 3rd quarter worth approximately $40,000. Sound Income Strategies LLC increased its stake in Uranium Energy by 159.1% in the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 1,900 shares during the period. PenderFund Capital Management Ltd. purchased a new position in Uranium Energy in the 4th quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Uranium Energy in the 4th quarter worth approximately $39,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. TD Securities decreased their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a report on Tuesday, June 9th. Roth Mkm set a $17.00 price objective on Uranium Energy in a report on Wednesday, March 11th. Finally, HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.