Uranium Energy Sees Unusually High Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading activity on Friday. Traders bought 19,376 call options on the company. This is an increase of 139% compared to the average daily volume of 8,099 call options.

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye bought 9,500 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This represents a 0.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amir Adnani purchased 60,000 shares of Uranium Energy stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The trade was a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

A number of large investors have recently bought and sold shares of UEC. Van ECK Associates Corp boosted its stake in Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after purchasing an additional 2,171,468 shares in the last quarter. Riggs Asset Managment Co. Inc. bought a new stake in Uranium Energy during the 3rd quarter worth about $501,000. ProShare Advisors LLC increased its holdings in shares of Uranium Energy by 10.6% in the first quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock valued at $468,000 after purchasing an additional 6,643 shares in the last quarter. Riverwater Partners LLC acquired a new position in Uranium Energy during the 3rd quarter worth $2,341,000. Finally, Grimes & Company Inc. bought a new position in Uranium Energy in the 3rd quarter valued at $394,000. 62.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Roth Mkm reaffirmed a “buy” rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Uranium Energy in a research report on Tuesday, September 24th.

Uranium Energy Price Performance

Shares of UEC stock traded up $0.30 during trading hours on Friday, hitting $7.66. The company had a trading volume of 11,539,584 shares, compared to its average volume of 7,551,641. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -131.81 and a beta of 1.82. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.67. The stock’s fifty day moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, research analysts expect that Uranium Energy will post 0.09 earnings per share for the current fiscal year.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.