Investors in US Nuclear Corp (OTCMKTS:UCLE) have had a somewhat up and down ride over the course of the past few days and it is likely that the stock is going to be followed closely this morning as well given the situation.
Trading Data
On Wednesday, UCLE stock moved down 15% to $0.3216 with more than 105k shares, compared to its average volume of 39K shares. The stock has moved within a range of $0.3160 – 0.4700 after opening trade at $0.47. .
US Nuclear January 2022 Shareholder Letter
Yesterday, the company issued a letter to its shareholders and the contents of the letter did not impress investors at all. The stock suffered from a heavy selloff and ended the day with a decline of as much as 15%. However, despite the steep fall in the stock price on Wednesday, it should be noted that the US Nuclear Corp stock is still up by as much as 13% in the past week.
In the letter to the shareholders yesterday, the Chief Executive Officer and Chairman of US Nuclear Corp, Bob Goldstein stated that the company had suffered massively due to the coronavirus pandemic in 2020.
The lockdowns and restrictions had resulted in a significant knock on effect on the cut down in revenues for the year. However, the most telling information in the letter was related to the fact that the after effects of the pandemic continues to have an adverse effect on US Nuclear Corp’s operations even now.
Technical Data
UCLE stock is below the 20-Day and 50-Day Moving averages of $0.29 and $0.32 respectively. However, the stock is trading above the 20-Day moving average of $0.29.
