Boom or Bust? Uranium Energy Corp. (UEC), Stillwater Mining Company (SWC) and Sequenom, Inc. (SQNM)
New York, NY – GDP INSIDER – 04/28/2014.
This article discusses three companies: Uranium Energy Corp. (NYSEMKT:UEC), Stillwater Mining Company (NYSE:SWC) and Sequenom, Inc. (NASDAQ:SQNM)
Uranium Energy Corp. (NYSEMKT:UEC) continued to gain value yesterday with the stock closing up 12.55% or $0.29 to finish the day at a new closing price of $2.60 on much higher than average trading volume of 3.131 million, compared to its three month average trading volume of 0.889 million. Uranium Energy Corp’s drastic increase in value started last week after Kagoshima District Court in Japan rejected the petition to delay the restart of Kyushu Electric Power’s Sendai nuclear power plant. The stock is currently holding well above its 200 day moving average of $1.49. However, with RSI of 84.04 the stock may correct down in the near term, better to hold or profit-take at this price.
Stillwater Mining Company (NYSE:SWC) climbed yesterday with the stock closing up 3.52% or $0.46 to finish the day at a closing price of $13.51 with more than 2.826 million shares changing hands, compared to its three month average trading volume of 1.03 million after analysts at RBC Capital reiterated their ‘sector perform’ rating on the stock and lowered their price target from $18 to $17 per share. The platinum group metals processing company has good fundamentals and a very strong quick ratio of 7.00 as well as earnings per shares of 0.46, making it potentially a very good buy if bought at the right time.
Sequenom, Inc. (NASDAQ:SQNM) continued its recent downward trend yesterday as the stock lost 2.65% or $0.12 to close the day at a new closing price of $4.40 on higher than average trading volume of 2.423 million, compared to its three month average trading volume of 1.26 million. The US based molecular diagnostic testing and genetic analysis company has been performing well with the stock gaining 69.23% over the past 52 weeks, compared to the S&P 500 index which is up only 12.81% over the same period, hold for now.
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