UEC - Warning: This Skyrocketing Stock Has a Hidden Risk (or Two)
2023-12-15 05:40:00 ET
Uranium Energy (NYSEMKT: UEC) has seen its shares rocket higher over the past year, rising by roughly 100%. That's an incredible price move, and there's a chance it could keep going.
Before you step in here, however, you need to step back and dig a little deeper into the company's business. It might not be what you think.
It isn't really a trick question to ask what Uranium Energy sells, but there are important nuances to the story. The price of uranium has been moving higher over the past year and, thus, the company's stock has moved higher, too. Selling a commodity that is going up in value generally has that effect on a company selling it. Shares of fellow uranium seller Cameco (NYSE: CCJ) are higher by roughly the same amount.
For further details see:
Warning: This Skyrocketing Stock Has a Hidden Risk (or Two)