$UEC (+0,65%) has published its earnings. The share is being punished for the rather poor results.
Reported EPS ($0.02) / Estimated ($0.0455) ⛔
Reported revenue $0 million / Estimated $11.41 million ⛔
Positive:
- Production at the Christensen Ranch Mine was ramped up, 68,000 pounds of U₃O₈, were produced
- Capital increase raised $342 million
- Liquidity > $454 million
- Development at the sites Burke Hollow and Roughrider is progressing
Negative:
- No sales in the quarter, $0 revenue
- Net loss of approximately $10 million due to development costs
- Loss has almost doubled year-on-year
- No profitability expected in the short term
