Why Uranium Energy Stock Has Rocketed 50% Since October

Why Uranium Energy Stock Has Rocketed 50% Since October

What happened

Uranium stocks have shot up in recent weeks, but one stock that’s stood out is Uranium Energy ( NYSEMKT:UEC ). It rallied 22% in the month of October according to data provided by S&P Global Market Intelligence , and is already up just as much in November. With those gains, the small-cap uranium stock has jumped almost 83% since the start of September, as of this writing. So what

Before I tell you why Uranium Energy stock is on fire, it’s important to explain the company’s operations.

Uranium Energy is primarily a uranium mining and exploration company with one uranium mine and a uranium processing facility in Texas that is licensed to process up to 1 million pounds of uranium compound per year. Uranium Energy also claims to own mineral rights in Wyoming, Arizona, New Mexico, Colorado, and Paraguay. Image source: Getty Images. However, Uranium Energy hasn’t generated […]

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.

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