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Taking a Closer Look At Uranium Energy Corp (UEC) Following Its Recent Trade

Uranium Energy Corp’s recent filing unveils that its Director KONG DAVID unloaded Company’s shares for reported $0.18 million on Mar 12 ’24. In the deal valued at $6.81 per share,26,000 shares were sold. As a result of this transaction, KONG DAVID now holds 154,085 shares worth roughly $0.9 million.

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Then, DELLA VOLPE VINCENT sold 84,000 shares, generating $685,983 in total proceeds. Upon selling the shares at $8.17, the Director now owns 186,095 shares.

Before that, OBARA PAT sold 4,877 shares. Uranium Energy Corp shares valued at $29,620 were divested by the Chief Financial Officer at a price of $6.07 per share. As a result of the transaction, OBARA PAT now holds 788,000 shares, worth roughly $4.58 million.

TD Securities initiated its Uranium Energy Corp [UEC] rating to a Speculative buy in a research note published on September 13, 2023; the price target was $6. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in mid June from “a Hold” to “a Speculative buy”. Canaccord Genuity also remained covering UEC and has decreased its forecast on April 22, 2022 with a “Hold” recommendation from previously “Speculative buy” rating. Canaccord Genuity started covering the stock on October 14, 2020. It rated UEC as “a Speculative buy”.

Price Performance Review of UEC

On Monday, Uranium Energy Corp [AMEX:UEC] saw its stock fall -5.07% to $5.81. Over the last five days, the stock has lost -3.81%. Uranium Energy Corp shares have fallen nearly -9.22% since the year began. Nevertheless, the stocks have risen 70.88% over the past one year. While a 52-week high of $8.34 was reached on 02/01/24, a 52-week low of $2.87 was recorded on 06/11/24. SMA at 50 days reached $6.80, while 200 days put it at $6.49. A total of 4.93 million shares were traded, compared to the trading of 14.28 million shares in the previous session.

Levels Of Support And Resistance For UEC Stock

The 24-hour chart illustrates a support level at 5.71, which if violated will result in even more drops to 5.60. On the upside, there is a resistance level at 6.00. A further resistance level may holdings at 6.18. The Relative Strength Index (RSI) on the 14-day chart is 37.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.94%. Stochastics %K at 36.24% indicates the stock is a holding.

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The most recent change occurred on October 25, 2017 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.

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