UEC Reports $10.3M Loss, Uranium Market Pressures

Uranium Energy Corporation, UEC, reports a net loss of $10.3 million for its fiscal first quarter, translating to a loss of $0.02 per share. The company, based in Corpus Christi, Texas, faces economic pressures due to fluctuating uranium market, a key component in nuclear energy production. Investors and industry watchers are keen to see UECs plans to address these financial results.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.