On June 15, Uranium Energy Corp rose 7.07% in regular trading, trading at $12.045/share, with turnover of $34.90 million. The stock extended its oversold rebound following a sharp selloff triggered by disappointing fiscal Q3 results.
The company reported on June 9 a fiscal Q3 net loss of $0.11 per share, significantly wider than the consensus estimate of $0.03 loss and the year-ago loss of $0.07 per share. Production totaled 32,195 pounds of uranium concentrate at a total cost of $54.61 per pound. The earnings miss sent shares tumbling from $13.285 on June 8 to as low as $10.115 by June 10, after which the stock entered a recovery phase driven by oversold conditions and capital re-entry.
Despite the earnings shortfall, the company maintains a strong balance sheet with $818 million in liquid assets, approximately 1.456 million pounds of uranium inventory, and zero debt. Within the Coal & Consumable Fuels sector, uranium miners rallied broadly on the day, with Centrus up 9.08%, Denison Mines up 8.99%, Energy Fuels up 7.01%, and Cameco up 6.25%, providing sector-wide support for the rebound.
(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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