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UEC - Uranium Energy Corp
$2.57
-0.07(-2.65%)8:00:00 PM 5/26/2023
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.

Revenue Breakdowns

The revenue breakdowns above are extracted from this specific SEC Edgar 10-Q filling, with report date as 2023-01-31 and filed on 2023-03-13. The process is fully automated and without human validation. Although we make every effort getting the relevant information, please be advised that We make no representation or warranties of any kind about completeness, accuracy, reliability, suitability or availability of the information exacted from Edgar 10-K/10-Q filings.

Highlights of Management Discussion and Risk Factors in 10-K/10-Q filling

Positive
1.
The Roughrider Project unlocks value from the recently acquired UEX portfolio in the eastern Athabasca Basin as we now have critical mass to advance our production plans.  
2.
Over the past few years, global uranium market fundamentals have been improving as the market transitions from an inventory driven to more of a production driven market.
3.
On the demand side of the equation, the global nuclear energy industry continues robust growth, with 66 new reactors connected to the grid since 2013 and another 58 reactors under construction as of February 2023 (PRIS and WNA February 2023 data).
4.
Our long-term success, including the recoverability of the carrying values of our assets, our ability to acquire additional mineral projects and to continue with exploration and pre-extraction activities and mining activities on our existing mineral projects, will depend ultimately on our ability to achieve and maintain profitability and positive cash flow from our operations by establishing ore bodies that contain commercially recoverable minerals and to develop these into profitable mining activities.  
5.
25     Our operating and strategic framework is based on expanding our uranium extraction activities, which include advancing certain projects with established mineralized materials towards extraction and establishing additional mineralized materials on our existing uranium and titanium projects or through the acquisition of additional projects.  
Negative
1.
● if the market price of our common stock weakens;   ● if the COVID-19 pandemic worsens or continues over an extended period and causes further financial market uncertainty; and   ● if a nuclear incident, such as the events that occurred at Fukushima in March 2011, occurs, continuing public support of nuclear power as a viable source of electrical generation may be adversely affected, which may result in significant and adverse effects on both the nuclear and uranium industries.  
2.
Additional upside market pressure is also emerging as utilities return to a longer-term contracting cycle to replace expiring contracts; something the market has not experienced for several years.
3.
Global supply and demand projections show a structural deficit between production and utility requirements averaging about 39 million pounds a year over the next 10 years and increasing thereafter (UxC 2022 Q4 Uranium Market Outlook).
4.
Production dropped to a multi-year low in 2020 at about 122 million pounds but began to recover in 2021 and will total about 133 million pounds in 2022, still well below reactor requirements.
5.
Uranium supply has become more complicated due to Russia’s invasion of Ukraine as Russia is a significant supplier of nuclear fuel around the globe.
6.
During the three and six months ended January 31, 2023, we continued with our strategic plan for reduced operations at our ISR Mines to capture residual pounds of U3O8 only.   
7.
Although our planned principal operations commenced in Fiscal 2012, from which significant revenues from U3O8 sales were realized, our revenues generated from sales of produced U3O8 have been inconsistent and we have yet to achieve profitability.
8.
Although we recorded net income totaling $7,136 for the six months ended January 31, 2023, and $5,252 in Fiscal 2022, we recorded net losses for all prior fiscal years and we had an accumulated deficit balance of $279,237 as at January 31, 2023.
9.
During the three and six months ended January 31, 2022, we recorded net losses of $5,474 ($0.02 per share) and $7,548 ($0.03 per share) and losses from operations of $4,929 and $9,801, respectively.  
The management discussion contents above are extracted from this specific SEC Edgar 10-Q filling, with report date as 2023-01-31 and filed on 2023-03-13. The process is fully automated and without human validation. Although we make every effort getting the relevant information, please be advised that We make no representation or warranties of any kind about completeness, accuracy, reliability, suitability or availability of the information exacted from Edgar 10-K/10-Q filings.
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