NexGen Energy (NXE Stock) rallies impulsively in bullish uranium market

NexGen Energy (NXE Stock) rallies impulsively in bullish uranium market

NexGen Energy (NXE) is a Canada-based company with a focus on acquisition, exploration, and development of Canadian uranium projects. The company owns a portfolio of prospective uranium exploration assets in Athabasca Basin, which are some of the largest in the world. The stock has dropped 80% from its 2017 high to $0.50 / share at the March 2020 low. However, since then it has rallied 10x higher. It is speculative as it’s not yet producing uranium, but its potential and also the bullish uranium market prove to be supportive of the stock. Nuclear energy production

The chart above shows 50 years of nuclear energy production which is a good proxy for uranium demand. After the Fukushima disaster in 2011, many nuclear power plants came offline. However, we have seen a pickup in the demand again. Most of the growth in nuclear power plants came from emerging markets as the […]

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