Why Uranium Stocks Are Red Hot on Thursday

Why Uranium Stocks Are Red Hot on Thursday

Uranium prices are making a U-turn. So are uranium stocks.

What happened

Uranium mining stocks are glowing a bright, clear green in Thursday morning trading — up 10% and more across the board. As of 11:15 p.m. ET, shares of Energy Fuels ( UUUU 10.44%) have risen 11.3%, while tiny Ur-Energy ( URG 13.68%) is tacking on 13%. Meanwhile, Uranium Energy ( UEC 17.61%) is leading the pack higher with a startling 16.8% gain.

There’s one good reason for it: Uranium prices have turned north again. Image source: Getty Images. So what Uranium is a volatile commodity . As investor hopes for a revival of nuclear power plant building have waxed and waned, uranium prices have experienced some serious ups and downs over the past couple of years. Per pound, prices of uranium rose more than 40% between mid-March and late May 2020, for example, then rose more than 60% […]

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