Uranium Energy (UEC) stock has a 16% upside but beware of FOMO

Uranium Energy Corp (NYSE: UEC) stock price jumped to the highest level since April 2022 after the company published an encouraging annual report. The shares surged to a high of $5.72 in the premarket, ~150% above the lowest level in June. They have roared back by 1,543% from the 2020 lows. Uranium stocks are surging

Uranium stocks have been in a strong bullish trend in the past few months, helped by the rising demand . The closely followed Sprott Uranium Miners ETF (URNM) has risen in the past seven straight weeks and is now hovering at the highest point on record. It has soared by 580% from its lowest point on record. Similarly, the Sprott Physical Uranium Trust (SRUUF) rose to a record high of $18.24. This trend is mostly because of the rising uranium demand and the struggling supplies. The rally gained momentum recently after a coup in […]

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