Investigation Overview
June 22, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Uranium Energy Corp. (NYSEMKT:UEC) shares over potential securities laws violations by Uranium Energy and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Uranium Energy Corp. (NYSEMKT:UEC) concerning whether a series of statements by Uranium Energy regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Uranium Energy Corp. (NYSEMKT:UEC) grew from $1.17 per share on January 20, 2015 to as high as $2.99 per share on May 29, 2015.
Then on June 18, 2015, an article was published that alleged, among other items, that Uranium Energy Corp. reports zero sales in the past seven quarters from its sole producer, the Palangana Mine, and that after selling almost all of its inventory, there is only about $152,000 worth of inventory remaining.