Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Down - Here's What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $7.10. Uranium Energy shares last traded at $6.97, with a volume of 1,193,079 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UEC shares. HC Wainwright restated a "buy" rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm reiterated a "buy" rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Price Performance

The firm's 50-day moving average is $6.36. The stock has a market capitalization of $3.00 billion, a P/E ratio of -121.31 and a beta of 1.82.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. On average, analysts expect that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other Uranium Energy news, CEO Amir Adnani bought 60,000 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,242,326 shares of the company's stock, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Scott Melbye bought 9,500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $4.18 per share, with a total value of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amir Adnani purchased 60,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares of the company's stock, valued at $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors have recently made changes to their positions in the stock. MMCAP International Inc. SPC grew its holdings in shares of Uranium Energy by 17.0% in the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company's stock worth $199,874,000 after acquiring an additional 4,306,240 shares during the period. Vanguard Group Inc. grew its holdings in Uranium Energy by 2.4% in the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company's stock valued at $153,640,000 after purchasing an additional 538,703 shares during the last quarter. Driehaus Capital Management LLC increased its position in shares of Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company's stock valued at $54,979,000 after buying an additional 90,522 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Uranium Energy by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company's stock worth $35,786,000 after buying an additional 947,773 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Uranium Energy by 78.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company's stock worth $30,783,000 after buying an additional 2,171,468 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.