Why Fission Uranium Stock Surged 10% Yesterday

Why Fission Uranium Stock Surged 10% Yesterday

Fission Uranium (TSX:FCU) was founded in 2013 and is headquartered in Kelowna, British Columbia. At $0.97 per share at writing, the small-cap uranium stock almost hit a market cap of $638 million. Ross McElroy leads the company as president, CEO, and chief geologist. He is a professional geologist with 35 years of mining industry experience. He has held positions at BHP Billiton , Cogema Canada, and Cameco . Notably, he was also a member of the early-stage discovery team of the MacArthur River uranium deposit. What happened?

Fission Uranium stock surged as much as 14.8% yesterday but ended the day with an appreciation of 10.2%, which was still impressive. As discussed in a Bloomberg article , there were protests in Kazakhstan, the world’s number one uranium producer . The event could usher uranium prices higher, which is why the uranium stock rallied.

However, do note that commodity and small-cap […]

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