Why Uranium Stocks Are on Fire Today

Why Uranium Stocks Are on Fire Today

What happened

Uranium stocks sizzled hot Monday morning after a huge development in the industry reignited heavy buying in stocks across the board. Here’s how much some of the top-performing uranium stocks had rallied at their highest point in trading on Oct. 18, as of this writing: Denison Mines (NYSEMKT: DNN): up 15.2%.

Uranium Royalty (NASDAQ: UROY): up 9.5%.

Centrus Energy (NYSEMKT: LEU): up 16.9. Energy Fuels (NYSEMKT: UUUU): up 8.6%. Cameco (NYSE: CCJ): up 8.4%. So what Uranium stocks were unstoppable until last month when the world’s first and largest physical uranium exchange-traded fund , Sprott Physical Uranium Trust (OTC: SRUU.F), seemingly slowed its pace of uranium purchased from the spot market after an unstoppable spree since its inception on Canada’s Toronto Stock Exchange in July. Aggressive purchases by the fund had sent uranium prices soaring.The Sprott Physical Uranium Trust fund, though, sprang back to action this month. […]

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