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Stock impact report

Why Uranium Energy Stock Rocketed 12% Higher on Monday [Yahoo! Finance]

Uranium Energy Corp. (UEC) 
NASDAQ:AMEX Investor Relations: uraniumenergy.com/invest
Company Research Source: Yahoo! Finance
The latest such move by Uranium Energy (NYSEMKT: UEC) was announced on Monday and met with hearty investor approval gauging by the stock's more than 10% price pop on the day. That rise was far higher than that of the bellwether S&P 500 index, which increased by a far more modest 0.3%. A $175 million deal Wyoming-based Uranium Energy announced that it reached agreement on the purchase of a set of uranium assets from global metallurgy and mining giant Rio Tinto 's American arm. The agreed price is $175 million, which is to be paid in cash. For its money, Uranium Energy is acquiring a facility in its home state, Rio Tinto America's Sweetwater Plant. The buyer will also receive what it described as "a portfolio of uranium mining projects," comprising roughly 175 million pounds of resources. In the press release touting the acquisition, Uranium Energy framed it as a major step in the evolution of its business, stating that the arrangement "is highly strategic and enables UEC to unl Show less Read more
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