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Shares of US Energy Wyoming Fall to a New 52-Week Low

Published on Mon, 12/31/2012 - 15:10
By Adrienne Chilton

US Energy Wyoming (NASDAQ:USEG) traded at a new 52-week low today of $1.48. This new low was reached on approximately average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 74,000 shares.

US Energy Wyoming share prices have moved between a 52-week high of $6.80 and the current low of $1.48 and are currently at $1.54 per share. The 200-day and 50-day moving averages have moved 1.54% lower and 2.44% lower over the past week, respectively.

Potential upside of 62.3% exists for US Energy Wyoming, based on a current level of $1.54 and analysts' average consensus price target of $2.50. The stock should run into initial resistance at its 50-day moving average (MA) of $1.70 and subsequent resistance at its 200-day MA of $2.24.

U.S. Energy Corp. acquires, explores, develops, and/or sells or leases mineral properties, and mines and markets minerals. The Company is developing coalbed methane properties in the Powder River Basin coal seam in Montana. U.S. Energy also has uranium interests, and a long-term contract to supply domestic United States utilities with uranium concentrates.

By Adrienne Chilton
achilton@fnno.com