4 Big Reasons Uranium Energy Stock Surged This Week

4 Big Reasons Uranium Energy Stock Surged This Week

What happened

Uranium Energy ( NYSEMKT:UEC ) stock has become unstoppable — after a dizzying rally in the month of October , the uranium stock shot up another 18.3% this week as of 2:30 p.m. EST Friday, according to data from S&P Global Market Intelligence .

Four major catalysts drove the stock higher: higher uranium prices, big news coming in from the nuclear energy industry that forms the backbone for uranium companies, a mega-growth move from Uranium Energy, and an analyst upgrade. So what

Earlier in November, Bloomberg reported that China is planning to build as many as 150 new nuclear reactors over the next 15 years. Investors who have followed the uranium industry closely will know how the deadly Fukushima Daiichi nuclear disaster of 2011 closed the doors on nuclear reactors worldwide, and with it, on the businesses of uranium miners as uranium is the key fuel that power […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet