Uranium Energy Corp. Has The Assets, Now Has To Produce

Ole_CNX Uranium Energy Corp. (NYSE:UEC) is positioning itself for the next generation of nuclear power as demand is expected to increase to 130k tonnes per year by 2040. Despite this factor, UEC continues to finance operations through large equity raises, resulting in further dilution of the float, which is significantly impactful to shareholders. In addition to this, spot uranium prices appear to be trending towards $73/lb as the spot price generally follows Elliot Wave Theory given that traders leverage t ...