On June 12, Uranium Energy Corp rose 5.03% in regular trading, trading at $11.16/share, with turnover of $30.65 million. The stock continued its technical rebound following a sharp sell-off triggered by disappointing fiscal Q3 results released on June 9.
The company reported a fiscal Q3 net loss of $0.11 per share, significantly worse than the consensus estimate of a $0.03 loss and widening from a $0.07 loss in the year-ago period. Production totaled 32,195 pounds of uranium concentrate at a total cost of $54.61 per pound. The stock plunged from approximately $12.65 on June 5 to as low as $10.115 by June 10, creating oversold conditions that attracted buying interest.
The broader uranium sector provided additional support, with Peabody Energy up 3.98%, Denison Mines up 3.33%, Cameco up 2.6%, Centrus up 2.16%, and Energy Fuels up 0.8%. Despite the earnings miss, the company maintains a strong balance sheet with $818 million in liquid assets, approximately 1.456 million pounds of uranium inventory, and zero debt.
(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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