Why Energy Fuels, Denison Mines, and Uranium Energy Stocks All Crashed Today

What happened

Shares of uranium miners Energy Fuels (NYSEMKT: UUUU), Denison Mines (NYSEMKT: DNN), and Uranium Energy (NYSEMKT: UEC) stocks resumed falling Thursday, dropping 7.6%, 9.7%, and 10.2%, respectively, through 12:50 p.m. EDT after rebounding in price earlier in the week.

According to The Wall Street Journal , investors are reacting (or perhaps overreacting) to news that a nuclear power plant in southeast China is seeing an increase in "noble gases in one of its reactors’ primary circuits, which is part of the reactor’s cooling system." So what

Now, Electricite de France SA , which co-owns the nuclear plant, says these gases are not "dangerous in small quantities," and crucially, we’re not talking about any sort of a radiation leak — yet. In the Journal ‘s estimation, the sell-off we’re seeing is an "unnecessary investor meltdown" because, as it goes on to explain, "uranium mining companies tend to operate on […]

Click here to view original web page at www.msn.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.