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Why Uranium Energy Stock Keeps Going Down

TheMotleyFool

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Why Uranium Energy Stock Keeps Going DownPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

Uranium Energy (NYSEMKT: UEC) stock is down 44% over the past year -- and half of that loss happened just this week! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning -- but have since clawed back at least some of today's losses, and are now down only 5.7% as of 11:30 a.m. ET.

So what exactly is it that Kerrisdale doesn't like about Uranium Energy stock? A couple of things, actually.

Source Fool.com

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