On June 15, Uranium Energy Corp rose 5.44% in pre-market trading, trading at $11.63/share, with turnover of $133,600. The stock continued its recovery trajectory 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 worse than the market consensus estimate of a $0.03 loss 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, with elevated production costs adding to margin pressure. The stock plunged following the report, creating conditions for a technical rebound.
Despite the earnings shortfall, the company maintains a solid 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, broad strength supported the rebound, with Energy Fuels up 5.2%, Centrus up 5.39%, Denison Mines up 3.27%, and Cameco up 3.01%.
(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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