The week started off on a terrible note for investors in the US Nuclear Corp (OTCMKTS:UCLE) stock as it went through a major selloff and ended the day with a decline of as much as 28%.
Trading Data
On Monday, UCLE stock slumped 28.33% to $0.2950 with 92k shares, compared to its average volume of 42k shares. The stock moved within a range of $0.2850 – 0.4145 after opening trade at $0.4101.
US Nuclear Corp. Discusses Radiation Surveillance Drone Delivery to Ukraine with The Stock Day Podcast
Yesterday, the company came into focus after its Chief Executive Officer Bob Goldstein joined Everett Jolly on The Stock Day Podcast for an interview. Appearances on such interview can often prove to be a major boost for companies since it can help in delivering the message to a significantly large audience. The discussion actually kicked off with a question with regards to the company’s plans to send in surveillance radiation drones to Ukraine.
Goldstein noted that it was necessary for everyone to do ‘everything’ in order to help Ukraine, which is currently under attack from Russia. While the information was important, it is also necessary to note that it did not lead to any particular excitement among investors at all and the stock tanked sharply on Monday. At this point in time, it could be a good move from investors to consider adding the US Nuclear Stock to their watch lists and watch for further developments closely.
Key Quote
Jolly began the interview by commenting on a recent press release detailing the Company’s plan to send radiation surveillance drones to Ukraine. “We have to do whatever we can to support the people of Ukraine,” said Goldstein. “We decided to send them a drone with surveillance radiation detectors,” he shared. “Ukraine has sixteen reactors, including the largest reactor in Europe,” said Goldstein. “Russia has also been firing on the Chernobyl plant, as well as the newer operating plants and nuclear waste facilities.”
Technical Data
UCLE stock is trading below the 20-Day and 50-Day Moving averages of $0.36 and $0.64 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.78.
