New York, New York--(Newsfile Corp. - March 28, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Uranium Energy Corp.("Uranium Energy" or the "Company") (NYSE American: UEC). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Uranium Energy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On March 23, 2023, Kerrisdale Capital ("Kerrisdale") published a short report addressing Uranium Energy, opining that of the Company's 140 million pounds of estimated uranium resources in the United States, none can be mined profitably at current prices, and that "[o]nly about a quarter of the resources will be economically viable even at . . . much higher uranium prices."
On this news, Uranium Energy's stock price fell $0.47 per share, or 14.73%, to close at $2.72 per share on March 23, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160193
