We recently published a list of Pulse of The Market: Tuesday’s 10 Worst Performers. In this article, we are going to take a look at where Uranium Energy Corp. (NYSEAMERICAN:UEC) stands against other Tuesday’s worst performers.

Wall Street finished Tuesday’s trading in a lackluster fashion, with all major indices ending in the green territory, but only eking out small gains.

The tech-heavy Nasdaq rallied the most, up by 0.46 percent, followed by the S&P 500 with 0.16 percent, and the Dow Jones with a marginal 0.01 percent.

The muted trading spilled over into individual stocks, with 10 in particular posting significant losses. In this article, let’s explore the top 10 companies that performed poorly on Tuesday.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A mining worker in a hard hat and coveralls hammering away at the uranium rich walls of the mine.

Uranium Energy Corp. (NYSEAMERICAN:UEC)

Uranium Energy dropped its share prices by 3.80 percent on Tuesday to close at $5.32 apiece as investors sold off positions to park funds amid the lack of fresh catalysts to buoy investing appetite.

Additionally, investor caution continues to linger for UEC amid the ongoing trade war between the United States and Canada.

As one of the largest uranium producers with operations in both countries, UEC stands to be hurt by higher import prices and possibly lower demand for uranium products.

Canada is currently the US’ largest uranium producer, delivering 27 percent of its total supply, followed by Australia and Kazakhstan with 22 percent of deliveries each, according to the US Energy Information Administration.

Late last month, a Canadian uranium miner and producer signaled that prices for US customers could rise by 10 percent if Trump’s tariff threats were to be implemented.

Overall, UEC ranks 10th on our list of Tuesday’s worst performers. While we acknowledge the potential of UEC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as UEC but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.