Australia markets close in 6 hours 2 minutes
  • ALL ORDS

    7,238.30
    -40.30 (-0.55%)
     
  • ASX 200

    7,038.20
    -38.30 (-0.54%)
     
  • AUD/USD

    0.6401
    +0.0002 (+0.03%)
     
  • OIL

    90.62
    +0.23 (+0.25%)
     
  • GOLD

    1,919.50
    -0.30 (-0.02%)
     
  • Bitcoin AUD

    40,990.02
    -86.25 (-0.21%)
     
  • CMC Crypto 200

    562.18
    -1.63 (-0.29%)
     
  • AUD/EUR

    0.6054
    +0.0007 (+0.12%)
     
  • AUD/NZD

    1.0751
    -0.0005 (-0.05%)
     
  • NZX 50

    11,294.46
    -48.41 (-0.43%)
     
  • NASDAQ

    14,545.83
    -223.07 (-1.51%)
     
  • FTSE

    7,625.72
    +1.73 (+0.02%)
     
  • Dow Jones

    33,618.88
    -388.00 (-1.14%)
     
  • DAX

    15,255.87
    -149.62 (-0.97%)
     
  • Hang Seng

    17,466.90
    -262.39 (-1.48%)
     
  • NIKKEI 225

    32,315.05
    0.00 (0.00%)
     

Why Uranium Energy Stock Keeps Going Down

Why Uranium Energy Stock Keeps Going Down

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. Although UEC reported $23 million in sales last year, and $105 million through the first six months of this current fiscal year, Kerrisdale curiously argues that UEC only had "revenue from selling mined uranium" in fiscal years 2012 and 2013 -- and not since.