Uranium Energy Corp. (NYSEAMERICAN:UEC) CFO Pat Obara sold 16,038 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $1.37, for a total transaction of $21,972.06. Following the completion of the transaction, the chief financial officer now owns 356,038 shares in the company, valued at approximately $487,772.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of UEC traded down $0.02 during mid-day trading on Friday, reaching $1.39. 667,455 shares of the stock traded hands, compared to its average volume of 1,075,143. Uranium Energy Corp. has a 12-month low of $0.96 and a 12-month high of $2.00.
UEC has been the topic of several research reports. HC Wainwright set a $4.00 price target on shares of Uranium Energy and gave the company a “buy” rating in a report on Monday, February 12th. Zacks Investment Research lowered shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Uranium Energy presently has an average rating of “Hold” and a consensus price target of $2.83.
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Uranium Energy Company Profile
Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).
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