Despite the rise in the market and most stocks moving upward, there are a few stocks, mostly penny shares, that are dropping precipitously without any negative news along with URRE.
These stocks have the following in common: They are very low in price. They have a disproportionately large number of shorts. They continue on a downward trend unmotivated by negative news.
Since most brokers don't allow the shorting of shares under $5.00 to retail traders, one can only conclude that when there is such a large number of short shares being held that the holder(s) is most likely to be a hedge fund or a cunning brokerage firm as this activity has become a common practice with the knowledge that the SEC fails to discourage this illegal practice of stealing longs' funds and driving companies to ruin.The SEC is an abettor to these criminals allowing them
When you look back at this company's history, you are dumbfounded. It has had issues with projects ranging from lawsuits with natives in the southwestern US to geology. Recently the company won its suit involving one of its projects in New Mexico, which paves the way for it to move forward.
Although the company has projects with large resources, there are just as large royalties associated with these properties, and as uranium prices rise, so too do the royalties. The company will not be as leveraged to the price increases of uranium oxide due to this fact and as prices move through $80/lb. the highest royalties kick in. Currently this is a play for day traders, as there are too many questions still lingering regarding long-term prospects."
What part of this NEGATIVE news don't you understand?