3 Oversold Uranium Stocks That Are Glowing Buys

Investors may want to consider uranium stocks.

Just days ago, related stocks were nuked after CNN said the U.S. was looking into reports of a leak at a Chinese nuclear power plant. However, it appears investors overreacted.

“Monday’s drop looks like an outsize reaction for several reasons,” noted The Wall Street Journal’s Jinjoo Lee . “Uranium mining companies tend to operate on multiyear supply contracts with utilities, so there is little risk that a nuclear power plant would immediately pull back buying from these mining companies.”

China denied a leak, but did admit fuel rods had been damaged in a reactor.There are other reasons to keep your eyes on these uranium stocks. For example, oversold uranium stocks could get a boost from President Biden’s push for a potential uranium reserve. Plus, global demand for uranium was close to 180 million pounds in 2020. Market experts believe that this figure is set to […]

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