UEC - Why Uranium Energy Stock Keeps Going Down
2023-03-24 12:57:38 ET
Uranium Energy (NYSEMKT: UEC) stock is down 44% over the past year -- and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."
Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning -- but have since clawed back at least some of today's losses, and are now down only 5.7% as of 11:30 a.m. ET.
So what exactly is it that Kerrisdale doesn't like about Uranium Energy stock? A couple of things, actually.
For further details see:
Why Uranium Energy Stock Keeps Going Down