Why Uranium Energy Stock Rocketed 12% Higher on Monday [Yahoo! Finance]
Uranium Energy Corp. (UEC)
NASDAQ:AMEX Investor Relations:
uraniumenergy.com/invest
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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
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UEC
News
- Uranium Energy (UEC) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Why Uranium Energy Corp. Rallied This Week [Yahoo! Finance]Yahoo! Finance
- Super Micro Computer stock pops, Wall Street awaits Nvidia: Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Uranium Energy (UEC) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- End-Use Applications Rising for Uranium as Market Expected to Reach $1.81 Billion in 2028GlobeNewswire
UEC
Earnings
- 3/8/24 - In-Line
UEC
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 8-K
- 11/7/24 - Form 8-K
- UEC's page on the SEC website