Warning: the uranium-stock rally might decay quickly

Warning: the uranium-stock rally might decay quickly

Companies around the world tied to the commodity have charged higher, but the excitement might be short-lived Shares of uranium mining companies saw a boost Monday as a rally in the radioactive metal gave retail traders a new sector to be excited about .

As reported by the Wall Street Journal , Sydney-listed uranium miners Peninsula Energy, Energy Resources of Australia, and Bannerman Energy all closed the day more than 25% up from where they started. Aura Energy, which is listed in London, saw its share jump more than 35%. Yellow Cake PLC, a London-listed company that’s effectively a fund that gives investors uranium exposure, climbed 13%.

SwaggyStocks, a website that monitors WallStreetBets for mentions of ticker symbols, also detected an uptick in chatter around Cameco, a Canadian company listed on the New York exchange, which at one point became the third most-discussed company in the notorious Reddit forum after Apple […]

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