Uranium Energy Corp. (NYSEMKT:UEC) announced that Harry Anthony, a senior advisor with Uranium Energy Corp (UEC), has been elected as president of the national organization. The group, founded in 1985, works to promote a sustainable and strong domestic uranium mining and conversion industry by fostering free and fair competition.
Anthony, a resident of Kingsville, Texas, for almost 40 years, is a past Board Member and Chief Operating Officer of UEC, a publicly traded company based in Corpus Christi, Texas. The company is a leader in the field of uranium exploration, development and production. Mr. Anthony, an internationally recognized expert in the uranium industry, has been active in the energy arena for over 45 years and has been a Texas Registered Professional Engineer for over 35 years.
Amir Adnani, President and CEO of Uranium Energy Corp, said, “UEC has garnered tremendous benefit from Harry Anthony’sleadership and experience. With his service to UPA, the entire country will now benefit from his extensive knowledge of the uranium industry. We are pleased that the UEC team continues to participate at the highest levels of the US uranium industry, including, among other appointments, our Executive VP Scott Melbye having earlier served as president of UPA.”
Prior to joining UEC, Mr. Anthony was a senior officer and director of Uranium Resources Inc. During his 20-year tenure at URI, he was responsible for all technical aspects of mine development. He has also provided technical consulting services for many international energy production companies and is a sought-after speaker on uranium and related issues, having written and presented numerous reference papers on behalf of leading internationally recognized bodies including the International Atomic Energy Agency.
Mr. Anthony has a Bachelor’s and Master’s degree in Engineering Mechanics from Pennsylvania State University. He is the Past President of the Kingsville Chamber of Commerce, the Kingsville United Way, the Kingsville Rotary Club and the Kingsville Navy League.
Jon Indall, UPA’s Legal Counsel, said, “Harry Anthony is a proven leader in the uranium industry and we are grateful for his extensive experience. He understands that for the United States to become energy independent and for national security reasons, it is vital that domestic uranium serves as a prominent and stable component of our country’s nuclear fuel supply.” (Original Source)
Shares of Uranium Energy are currently trading at $1.29, up $0.03 or 2.37%. UEC has a 1-year high of $3 and a 1-year low of $1.02. The stock’s 50-day moving average is $2.01 and its 200-day moving average is $1.81.
On the ratings front, H.C. Wainwright analyst Jeffrey Wright resumed coverage with a Buy rating on UEC and a price target of $4.20, in a report issued on June 9. The current price target implies an upside of 233.3% from current levels. According to TipRanks.com, Wright has a total average return of 27.3%, a 40.0% success rate, and is ranked #1408 out of 3711 analysts.
Uranium Energy Corp is engaged in uranium mining and related activities including exploration, pre-extraction, extraction and processing, on uranium projects located in the United States and Parguay.