Why Uranium Royalty, Uranium Energy, and Ur-Energy Stocks Are SkyrocketingToday

Why Uranium Royalty, Uranium Energy, and Ur-Energy Stocks Are SkyrocketingToday

What happened

Uranium stocks are absolutely crushing the market today, extending their gains from last week. Here’s how the top-performing uranium stocks were faring as of noon today: Uranium Royalty (NASDAQ: UROY): Up 23.2%.

Uranium Energy (NYSEMKT: UEC): Up 11.4%.

Ur-Energy (NYSEMKT: URG): Up 11.5%. Interest in uranium stocks is so high right now that Cameco (NYSE: CCJ) has surpassed AMC Entertainment Holdings and GameStop today to become the most discussed stock on Reddit’s WallStreetBets forum. Cameco is among the world’s largest uranium producers and the largest uranium stock in the U.S. with a market capitalization of $10 billion as of this writing. Its stock was up 3% as of noon today after jumping nearly 9% earlier in the day. So what The story for commodity stocks often boils down to commodity prices. For uranium stocks, the story building up is a pretty strong one, what with uranium prices […]

About the author: StockMan

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