Why These Energy Stocks are Losing This Week

4. Uranium Energy Corp. (NYSEAMERICAN:UEC)

Share Price Decline Between June 30 – July 8: 7.06%

Uranium Energy Corp. (NYSEAMERICAN:UEC) is engaged in uranium mining and related activities. The company is the fastest-growing uranium supplier in North America, fueling the growing demand for carbon-free nuclear energy.

Uranium Energy Corp. (NYSEAMERICAN:UEC) came under pressure after the recent drop in the prices of uranium, with uranium futures in the US currently down 6% from the seven-month high of $79 achieved at the end of June, as the lack of fresh buying by holding funds allowed utilities to set lower bids.

Uranium Energy Corp. (NYSEAMERICAN:UEC) received a boost last month after it was revealed that the company had increased its stake in Anfield Energy with an investment of $14.82 million, so the recent decline in share price could also be due to investors taking their profits.