Source: Streetwise Reports 02/15/2019
A ROTH Capital Partners report provided an update on this Texas-based energy company’s ongoing project work.
In a Feb. 7 research note, ROTH Capital Partners analyst Joe Reagor reported that Uranium Energy Corp. (UEC:NYSE.MKT) is advancing two of its in situ uranium projects, Reno Creek and Burke Hollow, despite continued uncertainty about the Section 132 petition result.
Resolution of that issue is the primary catalyst for the company this year, Reagor highlighted. “We anticipate receiving additional information when a recommendation is made to the [U.S.] president in late Q1/19 or early Q2/19.”
Uranium Energy intends to move Reno Creek in Wyoming into the prefeasibility stage, which, Reagor commented, “should provide the company with a clearer picture of the uranium price needed to justify construction.” ROTH expects that figure would have to be above $40.
Simultaneously, Reagor noted, the miner is preparing to drill and install monitoring wells at Burke Hollow in Texas later in Q1/19. First, it will place 20 wells in areas of less dense drilling in the past and then follow with 120 more wells across the asset.
ROTH, bullish on the uranium sector and expecting a positive result from the Section 132 petition, maintains a Buy rating and a $3.40 per share price target on Uranium Energy. The company’s current share price is around $1.36.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Disclosures from ROTH Capital Partners, Uranium Energy Corp., Flash Note, February 7, 2019
Regulation Analyst Certification (“Reg AC”): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
ROTH makes a market in shares of Uranium Energy Corp. and as such, buys and sells from customers on a principal basis.
Shares of Uranium Energy Corp. may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which
may set forth sales practice requirements for certain low-priced securities.
ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.
( Companies Mentioned: UEC:NYSE.MKT,
)