Uranium Energy Corp. Financial and Production Results

Uranium Energy Corp. (NYSE:UEC) announced financial and production results for the third quarter ended April 30, 2012.

As quoted in the press release:

Cumulative Production and Sales to Date: Cumulative production to date totals 273,000 pounds of U₃O₈produced from Palangana at an average cash cost⁽¹⁾ of $18 per pound.  Of the 273,000 pounds produced, the Company has sold 120,000 pounds at an average price of $52 per pound generating revenues of $6.2 million, and has 153,000 pounds available for sale in inventory with a market value of approximately $7.9 million.

Click here to read the Uranium Energy Corp. (NYSE:UEC) press release.