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Uranium Energy Corp. UEC

Energy
Uranium Energy Corp. (UEC: NYSE American) is an independent U.S. uranium mining company. UEC controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The Company has a potential production profile of 4 million pounds of U.S.-origin U3O8 per year with room to expand. Chairman is former U.S. Energy Secretary, Spencer Abraham.


NYSEAM:UEC - Post by User

Uranium Energy Corp. > U.UN BREAKING OUT
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Comment by GSTbay1060on Feb 23, 2024 1:56pm
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Post# 35896106

RE:U.UN BREAKING OUT

RE:U.UN BREAKING OUTMaybe u.un is down because of the spot price being down. The lower price on the last Friday of the month sets the benchmark for the next month. So it has happened many times before. U stocks are influenced by the spot and other factors.. Some stocks will be up , some down, some flat during a day.. This volatility and shake out has also happened many times before. The volatility will continue and we have to learn to live with it .. The U sector is not for everyone.. 20% retracements are expected even 50% can be expected from time to time. If you have a short time frame you will be frustrated.. Thats why I sit wait and watch.. if anything this is a very dynamic sector..
glta
dyodd

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