Research analysts at Roth Capital began coverage on shares of Uranium Energy Corp. (AMEX:UEC) in a report released on Wednesday, StockTargetPrices.com reports. The brokerage set a “buy” rating and a $3.00 price target on the stock.

Uranium Energy Corp. (AMEX UEC) traded down 1.71% on Wednesday, hitting $1.15. The stock had a trading volume of 791,247 shares. Uranium Energy Corp. has a 52 week low of $0.81 and a 52 week high of $1.92. The company has a 50-day moving average price of $1.29 and a 200-day moving average price of $1.40. The stock’s market capitalization is $179.24 million.

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About Uranium Energy Corp.

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

Stock Target Prices

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