Uranium Energy dips on Spruce Point's 'strong sell' opinion

Uranium Energy

18/09/2025 14:38

** Shares of miner Uranium Energy Corp UEC.A fall 2.2% to $11.94

** Short-seller Spruce Point Capital announces "strong sell" research opinion on co

** "We applaud and agree with the Trump administration's desire to strengthen domestic uranium capabilities, but do not believe that UEC is the right company to lead the industry's revival" - Spruce Point Capital

** Spruce Point raises concerns about UEC CEO Amir Adnani and other executives including co's chairman, financial controller, audit committee chairman and chief financial officer

** "(UEC's) previous executives and promoters were lawyers, accountants, and financiers that were sanctioned in the U.S. and Canada by securities and federal regulators, with at least two people named in its SEC filings sent to prison" - Spruce Point

** Brokerage says stock faces immediate 10% implied downside to Wall Street's consensus PT of $10.97

** Up to last close, stock up ~83% YTD

 (Reporting by Dharna Bafna)

 ((Dharna.bafna@thomsonreuters.com))