Yesterday, Uranium Energy Corp. (AMEX:UEC) started to fall down on the market. Though being promoted, the stock lost 3.85% of its price, while its traded volume moved down to around 284,000 shares for the day. Apparently, this time the promotion couldn’t help UEC as the volume fell even bellow its average value of 393 shares traded.

Over the last month, a few positive reports on the company have been published, though the trading range of the stock remained between $2.47 – $2.59 per share. Looks like the investors are not much interested in UEC and the price doesn’t climb up.

Just a day before the stock moved down, it was put among the top gainers on the market, which made UEC soar 5% on its price and trade over 468 thousand shares by the end of the day. However, except the promotion and the positive reports, there is no more news on Uranium Energy these days, so no one can predict the future of the price.[BANNER]

Uranium Energy Corp. is a natural resource exploration company engaged in the exploration of properties that may contain uranium minerals in the United States. Historically, the company used to trade higher over the past year, though since February the price is moving down.

According to its latest quarter report, UEC has increased its gross profit, however, it hasn’t generated any revenues and has incurred operating expenses and a net loss. The company has more assets than liabilities, though its net income appears to be lower and the stockholders’ equity totals over $48 thousand.

Uranium Energy states: “Since inception, we have not established any proven or probable reserves on our mineral property interests”. So, based on this statement and on the fact that presently the stock is falling down again, the investors should carefully follow its future movement.

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Last Friday, China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) gained 1.20% on the market to close at $3.37 per share. Traded volume of CNTF totaled approximately 216 thousand shares, which is a quite high value for the stock.

It appeared that China Techfaith started to move higher as soon as the company announced its latest financial results. According to the financial report, CNFT has increased its profit by 62% during the second quarter of this year. The news being reported, the investors’ attention was provoked and the company got among the top ten China gainers on the market.[BANNER]

Along with its high profit, CNTF announced a 32% higher revenue and 691 thousand mobile products sold over the second quarter of this year. Based on its improved earnings, China Techfaith made highly optimistic projections for its third quarter revenue, in the range of $66 – $68 million.

Though the positive results reported, the company’s total liabilities and equity is over $232 thousand, which is exactly as much as its total assets, and CNFT still has expenses to cover.

China Techfaith is a China-based original developed product provider, focused on the original design and sales of mobile phone products. Since the beginning of this year, the stock was in a downtrend, however in May the price started to climb up again.

Currently, CNTF continues its way to the top, though the future of the stock should be carefully considered.

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I wrote this article in August 2007: Wednesday, August 15, 2007 All you need is a few hundred dollars and a dream We all trade penny stocks because they offer returns that are just not possible in the NYSE, NASDAQ, and AMEX .

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This is a post I made almost 3 years ago in a new segment called: Flashback Friday. Wednesday, August 15, 2007 All you need is a few hundred dollars and a dream We all trade penny stocks because they offer returns that are just not possible in the NYSE, NASDAQ, and AMEX

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