UEX CEO Buys 526,500 Shares

Financial Post reported that despite UEX (TSX:UEX) share price sliding its CEO has purchased 526,500 stocks in the past four months.

As quoted in the market news:

The purchases come at a time when UEX and other junior uranium plays in Saskatchewan are facing higher-than-normal scrutiny.

Ever since Rio Tinto Ltd. agreed to buy Hathor Exploration Ltd. last fall to get into the Athabasca Basin, analysts and investors have speculated on the next potential takeover target. One of the many names being tossed about is UEX, which owns 49% of the massive Shea Creek project, one of the regions most promising deposits.

Click here to read the full Financial Post report.