On June 11, Uranium Energy Corp rose 7.38% in regular trading, trading at approximately $10.12/share, with turnover of $44.95 million. The stock rebounded sharply after consecutive sessions of heavy selling triggered by a significant Q3 earnings miss.
The company reported fiscal Q3 net loss of $0.11 per share on June 9, far worse than the $0.03 loss expected by analysts and widening from a $0.07 loss in the year-ago period. The quarter saw production of 32,195 pounds of uranium concentrate at a total cost of $54.61 per pound. Despite holding $818 million in liquid assets, approximately 1.456 million pounds of uranium inventory, and zero debt, the stock plunged over 11% on June 10 as investors digested the elevated production costs and deepening losses.
The broader uranium sector also rebounded on the day, with Energy Fuels up 4.27%, Centrus up 2.80%, Denison Mines up 2.65%, Nexgen Energy up 2.10%, and Cameco up 1.01%, suggesting the recovery was driven by oversold conditions and sector-wide capital rotation.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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