Uranium Energy slides after announcing $600 mln stock sale plans

Uranium Energy

17/11/2025 14:53

** Uranium Energy's UEC.A shares down 2% at $11.36 early Mon as co seeks additional equity

    ** UEC shares fall as much as 13.7% to $10, lowest since Aug 22, before paring losses

    ** Corpus Christi, Texas-based uranium producer per a securities filing
    late Fri unveiled up to $600 mln "at-the-market" (ATM) equity sales program with Goldman Sachs as lead manager

    ** It intends to use net proceeds from any sales for general corporate and working capital purposes

    ** Last month, UEC raised about $204 mln by selling 15.5 mln shares at $13.15 to accelerate development of a new, American uranium refining and conversion facility

** UEC has ~483.2 mln shares outstanding as of Nov 14 for $5.6 bln market cap

** With the move on the session, shares up ~70% YTD

    ** 8 of 9
    analysts rate the stock "buy", 1 rates "hold"; median PT is $16, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))