Uranium Energy Target of Unusually High Options Trading (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 19,376 call options on the company. This represents an increase of approximately 139% compared to the typical daily volume of 8,099 call options.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Roth Mkm reiterated a "buy" rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reaffirmed a "buy" rating and issued a $10.25 target price on shares of Uranium Energy in a report on Tuesday, September 24th.

Insider Buying and Selling at Uranium Energy

In other news, EVP Scott Melbye acquired 9,500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amir Adnani acquired 60,000 shares of the business's stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following 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 trade represents a 1.43 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company's stock.

Institutional Trading of Uranium Energy

A number of hedge funds have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in Uranium Energy during the second quarter valued at approximately $26,000. EntryPoint Capital LLC lifted its holdings in shares of Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,905 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock worth $30,000 after purchasing an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. purchased a new position in Uranium Energy during the 3rd quarter worth $33,000. Finally, BNP Paribas purchased a new position in Uranium Energy during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Up 1.0 %

Shares of UEC stock traded up $0.07 during mid-day trading on Friday, hitting $7.43. The stock had a trading volume of 18,597,454 shares, compared to its average volume of 7,583,363. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.67. The stock has a 50-day moving average of $6.44. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -123.81 and a beta of 1.82.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Sell-side analysts predict that Uranium Energy will post 0.09 earnings per share for the current fiscal year.

Uranium Energy Company Profile

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.