Uranium Energy Corp (UEC) saw its stock price plummet 5.09% during intraday trading on Wednesday, underperforming the broader market.
The decline followed the company's fiscal Q1 2026 earnings report, which revealed a net loss of $0.02 per share, worse than the FactSet consensus estimate of a $0.01 loss. The company also reported no revenue for the quarter, disappointing investors who had anticipated stronger financial performance.
In its press release, UEC highlighted operational progress, including upgrades at its Irigaray plant and expansion of wellfield development. However, the market reaction focused on the earnings shortfall and lack of revenue generation.
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