Uranium prices just hit 12-year highs, triggering a buying frenzy in uranium stocks.
What happened
It’s been a bumper week for uranium stocks, with shares of Uranium Energy ( UEC -0.92%) and NexGen Energy ( NXE 1.14%) clocking some of the biggest gains in the industry. While Uranium Energy stock surged 19.1% at its highest point in trading during the week through noon Friday, shares of NexGen Energy jumped 16.3% at its highest, according to data provided by S&P Global Market Intelligence .
Uranium prices just hit levels not seen in 12 years, and investors don’t want to miss the boom. So what Uranium prices crossed $60 per pound on Sept. 15 for the first time since 2011 when the deadly Fukushima Daiichi disaster drove the global uranium industry into limbo. With more nations turning to nuclear energy as they transition from fossil fuels to cleaner sources of energy, demand […]
Click here to view original web page at www.fool.com
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 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!
Comments