Bullish option flow detected in Uranium Energy with 6,721 calls trading, 3x expected, and implied vol increasing over 3 points to 60.92%. 2/9 weekly 8 calls and Feb-24 8 calls are the most active options, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 0.10. Earnings are expected on March 7th.
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Read More on UEC:
- Uranium Energy call volume above normal and directionally bullish
- Uranium Energy price target raised to $9.75 from $8.25 at H.C. Wainwright
- Uranium Energy price target raised to C$10.25 from C$6.50 at Canaccord
- Uranium Energy restarts uranium production at Christensen Ranch in Wyoming
- Shares of Cameco, NexGen Energy spike after U.S. DOE call for uranium
