Why Uranium Energy Just Crashed 10%

Uranium Energy (NYSEMKT: UEC) describes itself as a U.S.-based uranium mining and exploration company. In a market where uranium prices are soaring, and expected to go up another 67% over the next three years, that sounds like a good business to be in.  

But Uranium Energy stock is going down today, falling 9.8% through 10:50 a.m. EDT. Why is that?

Image source: Getty Images.

Continue reading

Source Fool.com