Why Uranium Energy Stock Is Plummeting Again Today
You'd be surprised to learn the real story behind the uranium stock's fall.
Overview
Uranium Energy (NYSEMKT: UEC) is facing a sharp sell-off, with shares plunging another 8.7% today as of 11:15 a.m. ET Wednesday. The uranium stock has now lost over 23% value just this week, as of this writing.
Uranium Energy generated zero revenue last quarter, compelling at least one analyst to reduce the stock's price target. But is there something more to the story than meets the eye? Could this be a deliberate management strategy to not sell anything?
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.