Why Ur-Energy and Energy Fuels Stocks Popped 11% Today

Why Ur-Energy and Energy Fuels Stocks Popped 11% Today

What happened

Uranium stocks Energy Fuels ( NYSEMKT:UUUU ) and Ur-Energy ( NYSEMKT:URG ) popped on Tuesday, extending the broader rally in uranium stocks from yesterday. Energy Fuels and Ur-Energy popped 11% each by 2 p.m. EDT before closing the day up around 3% each.

If you look carefully at their price performances in recent weeks, these stocks have been among the laggards in the industry, presenting traders and investors with a good opportunity to bet on them even as uranium prices continue to rally. Investors in Energy Fuels also see value beyond uranium. So what

Uranium stocks jumped on Sept. 13 after uranium prices hit multi-year highs and uranium stocks became the hottest topic of discussion on Reddit’s WallStreetBest forum.Today morning, though, Morgan Stanley issued a warning on uranium stocks saying the current rally may not sustain into 2022. That put some pressure on uranium stocks early in trading […]

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