Uranium company’s shares down 31%
Uranium Energy (UEC) Stock Declines on Falling Uranium Prices, Low Inventory, The Street, By Tony Owusu 06/19/15 NEW YORK – Uranium Energy (UEC)shares are down 31.29% to $1.66 in morning trading on Friday, just two weeks after the company’s shares surged following its sale of 80,000 pounds of finished uranium for $3.08 million…..Other companies in the sector are also suffering as uranium spot prices have fallen to about $36, a five year low.
“So these factors indicate that UEC’s recent price performance is unsustainable because the fundamentals of the company (more on that below) and the sector have not improved. We expect the stock will collapse as it follows the path set by peers,” the news agency said. http://www.thestreet.com/story/13192929/1/uranium-energy-uec-stock-declines-on-falling-uranium-prices-low-inventory.html
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