Previous close | 3.1080 |
Open | 3.1000 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 3.0320 - 3.1899 |
52-week range | 3.0320 - 3.1899 |
Volume | |
Avg. volume | N/A |
Market cap | 303.016M |
Beta (5Y monthly) | 2.01 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.0110 |
Earnings date | 14 Jun 2022 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Here is how Uranium Energy (UEC) and Westlake Chemical (WLK) have performed compared to their sector so far this year.
Three weeks ago, a strong rebound in the price of uranium metal for nuclear fuel helped lift the share prices of uranium mining stocks as much as 10%. Ultimately, uranium prices peaked just short of $53 a pound before falling back again. Today, uranium prices are back down below $48 -- and still falling.
Uranium stocks plunged today as the broader markets slid on fears of soaring inflation and a looming recession, what with a majority of leading economists even predicting the U.S. will slip into a recession in 2023, according to The Financial Times. Ironically, the business environment couldn't be more conducive for uranium stocks. One of the miners, in fact, even announced a big acquisition this morning; and President Joe Biden's latest plan could mean big days ahead for local uranium miners.