Uranium Energy Corp. (NYSEMKT:UEC) Up 17.95%, Banro Corporation (USA) (NYSEMKT:BAA) Up 18.63%
Northern, WI 05/09/2013 (GDPInsider) – Uranium Energy Corp. (NYSEMKT:UEC) is up a solid 17.95% in today’s trading after opening at 1.61. The stock has a range of 1.59 and 1.80 on volume of 396.94K. Investors are having some respite from the southward trend taken by UEC in the last two months. At present trading levels UEC is down 41.06% on its 52-week high of 3.02 but up 27.14% on its 52-week low of 1.40.
Uranium Energy Corp like many companies specializing in the exploratory-stage of uranium mining has been facing headwinds from the sliding price of uranium oxide on the market. The spot price for uranium oxide is $40 per pound—a multi-year low. UEC has a target price of 3.02 and is trading 12.41% above its SMA20. EPS this year is tipped to rise 19.46% and the outlook for 2014 suggests an increase of 140.00%. With a RSI of 54.94 UEC shows potential for gains.
Is UEC a solid investment at these levels? Get exclusive data and trends here.
Banro Corporation (USA) (NYSEMKT:BAA) is up 18.63% after opening at 1.05. The stock closed previously with a value of 0.96 and has a range of 1.01 and 1.18. Volume is 527.03K and the stock is trading 78.83% below its 52-week high of 5.15 and 14.74% above its 52-week low of 0.95.
Banro is a gold exploration company and has 100% interest in four gold properties located in the South Kivu and Maniema Provinces of eastern Democratic Republic of the Congo (DRC). Banro released its Q1 fiscal earnings figures on May 8, 2013 and reported a slight dip in revenues from the last quarter in 2012. Q1 revenue was $33.2 million, down from the $33.9 million recorded in Q4 2012. Production was also down and Banro reported Q1 production of 19,602 ounces of gold—a drop on the 19,750 ounces recorded in Q4 2012.
BAA is down 6.36% on its 20-day simple moving average and 31.37% on its 50-day simple moving average. Analysts have set a target price of 2.86 and the stock has a RSI of 38.33.
How Should Investors Trade BAA Now? Get exclusive insights and updates here.
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