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Uranium Energy Corp UEC

Metals & Mining Industrial Metals & Minerals
Uranium Energy Corp. is a uranium mining company. It advances its In-Situ Recovery (ISR) mining uranium projects in the United States and 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 Sweetwater Plant, Red Desert Uranium Project and Green Mountain Uranium Project.


NYSEAM:UEC - Post by User

Uranium Energy Corp
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Post by GSTbay1060on Sep 19, 2024 10:28pm
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Post# 36232374

UEC today

UEC todayOn slightly below average volume we had a very positive day. WHY??? Today more folks wanted to buy than wanted to sell.... WHY??? Maybe just maybe some of the shorts are trying to cover??? On a day when there is a small amount of potential shorters covering what will happen IF all of them panic and try to cover simultaneously???? We know what happens when retail get spooked and all sell at the same time, we tank...   With aprox 50 million shorts it does create a very dangerous situation when a sector turns and the equities start to rise... Will a short squeeze happen??? Who knows??? BUT it maybe a possibility... so tomorrow anything can happen and we could loose all of the gains we made today??? It is very possible. But why ???? Because the price of Uranium has not moved today.. My belief is that until there is a price discovery we will continue this roller coaster ride..
glta
dyodd

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