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Uranium Energy (UEC) Catches Eye: Stock Adds 5.6% in Session

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Uranium Energy Corp. (UEC - Free Report) was a big mover last session, as its shares rose almost 6% on the day. The move came after the company exercised its option to acquire the Alto Paraná Titanium Project in Paraguay. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $1.32 to $1.64 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Uranium Energy currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Mining - Miscellaneous space is Uranium Resources, Inc. , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is UEC going up? Or down? Predict to see what others think: Up or Down

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