NEW YORK, July 2, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Uranium Energy Corp. (“UEC” or the “Company”) (NYSE: UEC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether UEC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On June 10, 2024, UEC filed its quarterly report for the quarter ended April 30, 2024 with the U.S. Securities and Exchange Commission. Among other items, UEC reported an adjusted loss per share of $0.05, missing consensus estimates. The Company also reported zero revenues and an operating loss of $13.8 million, compared to revenues of $20 million and an operating loss of $3.5 million for the same period in the prior year.
On this news, UEC’s stock price fell $0.49 per share, or 8.09%, to close at $5.57 per share on June 11, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
