On June 18, Uranium Energy Corp rose 5.43% in pre-market trading, trading at $12.0/share, with turnover of $453,300. The stock continues its recovery trajectory following a sharp selloff triggered by disappointing fiscal third-quarter results.
The company reported on June 9 a net loss of $0.11 per share for Q3, far worse than the market consensus estimate of $0.03 per share loss, and wider than the year-ago loss of $0.07 per share. The earnings miss sparked consecutive days of heavy selling, after which the stock entered an oversold rebound channel. 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 broader uranium sector rallied in tandem, with Energy Fuels up 17.39%, Centrus Energy up 8.82%, Nexgen Energy up 2.24%, Denison Mines up 2.11%, and Cameco up 2.16%, 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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