Uranium Energy Corp UEC

Energy

Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects. Additionally, it has diversified uranium holdings, including uranium portfolios of North American warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. The Texas Hub and Spoke Project includes Hobson Central Processing Plant (CPP), Burke Hollow, Goliad, Palangana, and Salvo. The Wyoming Asset Hub and Spoke In-Situ Recovery Project includes Christensen Ranch and Irigaray (Willow Creek), Moore Ranch, Ludeman, Allemand-Ross, and others. It also owns projects, including Henday Lake, Carswell, and Milliken.

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Uranium Energy Corp

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Post by mangoeon Jun 21, 2024 8:24pm

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Post# 36101093

📝This week Canadian high net worth investors, traders

John Quakes

@quakes99 -

This week Canadian high net worth investors, traders, trusts, companies & other taxable entities were selling all their #Uranium #mining #stocks winners in order to lock-in capital gains at 50% inclusion rate before the 24 June deadline when it rises to 66.7%. Didn't matter how spectacular the #Nuclear & #Uranium news was this week because they were selling their portfolios no matter what!

That put a lot of downward pressure on many U stocks especially those that have clocked in many hundreds of % gains over the past 5 years. Some U stocks were up on the week but most were down in yet another dip-buying opportunity.

The good news for longs is that all these sellers are now flush with cash that they'll be using to buy back those same #Uranium stocks after June 25th to re-establish their long positions driving share prices higher as the consensus view based on today's 'best ever' fundamentals is that U stocks are likely to rally strongly in Q3/Q4 once these capital gains and month-end & quarter-end adjustments are over.

Nothing is ever easy when it comes to investing in the stock markets especially in such a high volatility sector like #Uranium where multiple large pullbacks are the norm on the path to being 10-baggers over the long run. We've never seen such strong fundamentals for #Nuclear #energy and #Uranium stocks like we're seeing unfold today. Make the most of every opportunity to accumulate and build positions while shares are being offered at bargain prices. The future is looking extremely bright for investors in the Uranium space!