Uranium Energy is following uranium pricesWith so much uranium in its reserves, Uranium Energy's stock serves as a proxy for uranium prices. As the uranium spot price rises and falls, so does Uranium Energy's stock price. Higher uranium prices would make Uranium Energy's uranium inventory more valuable. Uranium Energy is not for the faint of heartAs the deep drawdown highlights, Uranium Energy is not a stock you want to own if you are a risk-averse investor. However, if demand isn't robust and there's plenty of supply, Uranium Energy's uranium reserves could turn out to be a negative rather than a positive.