Why Ur-Energy, Uranium Royalty, and Denison Mines Stocks Popped on Monday

What happened

Uranium stocks were back in action Monday after an unsettling last week, with most stocks surging on Sept. 27 before settling a bit lower by market close. Denison Mines ( NYSEMKT:DNN ) and Ur-Energy ( NYSEMKT:URG ) each popped during the day and closed up 8.3% and 4.3%, respectively. Uranium Royalty ( NASDAQ:UROY ) shot up 11.6% by market close.

Investors saw an opportunity in the red-hot uranium stocks after last week’s decline in prices, especially with natural gas prices soaring. So what

After a heady rally that saw uranium prices surge almost 60% in less than a month’s time, prices took a breather last week and drove most uranium stocks lower.The Sprott Physical Uranium Trust Fund ( OTC:SRUU.F ) seems to have taken a breather from its aggressive uranium buys — it last announced a purchase of 1.45 million pounds on Sept. 17. This has investors worried, […]

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