Uranium Energy (NYSEAMERICAN:UEC) Trading Down 9.4%

Uranium Energy Corp. (NYSEAMERICAN:UEC) fell 9.4% during mid-day trading on Wednesday . The company traded as low as $0.95 and last traded at $0.96. 2,967,526 shares were traded during trading, an increase of 103% from the average session volume of 1,458,677 shares. The stock had previously closed at $1.06.

A number of brokerages have issued reports on UEC. HC Wainwright reaffirmed a “buy” rating and set a $3.50 price target on shares of Uranium Energy in a research note on Wednesday, July 22nd. Zacks Investment Research lowered Uranium Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Uranium Energy by 118.0% in the first quarter. BNP Paribas Arbitrage SA now owns 55,644 shares of the basic materials company’s stock worth $31,000 after buying an additional 30,120 shares during the period. State Street Corp boosted its position in shares of Uranium Energy by 1.1% in the first quarter. State Street Corp now owns 3,324,131 shares of the basic materials company’s stock worth $1,862,000 after buying an additional 36,288 shares during the period. Geode Capital Management LLC boosted its position in shares of Uranium Energy by 9.7% in the first quarter. Geode Capital Management LLC now owns 2,504,173 shares of the basic materials company’s stock worth $1,402,000 after buying an additional 220,776 shares during the period. Eidelman Virant Capital acquired a new stake in shares of Uranium Energy in the second quarter worth $79,000. Finally, HighTower Advisors LLC raised its holdings in shares of Uranium Energy by 12.4% during the second quarter. HighTower Advisors LLC now owns 104,787 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 11,558 shares in the last quarter.

About Uranium Energy (NYSEAMERICAN:UEC)

Uranium Energy Corp. 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, Burke Hollow, Goliad, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Diabase project located in Canada; and Yuty, Oviedo, and Alto ParanĂ¡ titanium projects in Paraguay.

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