Federman & Sherwood Investigates Uranium Energy Corp.
For Possible Violations of Federal Securities Laws
Oklahoma City, OK (June 26, 2015) – The law firm of Federman & Sherwood has initiated an investigation into Uranium Energy Corp. [NYSE MKT: UEC] with respect to possible violations of federal securities laws.
The investigation concerns whether Uranium Energy’s and certain of its officers or directors violated Sections 10(b) and 20(a) of the Security Exchange Act of 1934. In particular, on June 18, 2015, TheStreetSweeper.org published an article reporting, among other things, that “UEC 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.
Following this news, the Company’s shares declined $0.18 to close at $2.42 on June 18, 2015. On June 19, 2015, the Company’s shares traded down more than $0.81 to $1.61 per share intraday on June 19, 2015.
If you currently own common stock in Uranium Energy Corp., have any information to assist in our investigation, or have questions or concerns regarding this notice or your rights or interests in this matter, please click here to download and complete our Certification of Investment or you may contact William B. Federman with any questions you may have regarding this investigation. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases across the country.
Posted on Fri, June 26, 2015
by Robin Hester filed under