Movement Alert|Uranium Energy Corp Falls 6.58% in Regular Trading, Q3 Loss Significantly Misses Expectations

Market Focus
Jun 09

On June 9, Uranium Energy Corp fell 6.58% in regular trading, trading at $11.61/share, with trading volume of $33.85 million. The decline was triggered by the company's fiscal third-quarter earnings release before market open.

The company reported a net loss of $0.11 per share for fiscal Q3, widening sharply from a loss of $0.07 per share in the year-ago period, and far worse than the analyst consensus estimate of a $0.03 loss. Operationally, the company produced 32,195 pounds of uranium concentrate during the quarter at a total cost of $54.61 per pound. The company previously held $818 million in liquid assets and approximately 1.456 million pounds of uranium inventory with zero debt.

Within the Coal & Consumable Fuels sector, peers also traded lower. Peabody Energy fell 3.97%, Centrus declined 1.52%, Denison Mines dropped 0.81%, Energy Fuels fell 0.72%, and Cameco slipped 0.44%.

(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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