Why Uranium Stocks Exploded Double Digits Today

Japan, which sounded the death knell for the uranium industry, could now help it revive itself.

What happened

Uranium stocks haven’t had such a good run for several weeks now. On Wednesday, stocks across the board sizzled hot and rallied by double digits on the back of a development that could change the dynamics of the uranium industry.

Here’s how much the top-performing uranium stocks had rallied at their highest points in the day through 1:30 p.m. ET Wednesday:This could just be the beginning of a fresh bull run in uranium stocks. So what On Wednesday, Japan’s Prime Minister Fumio Kishida said the nation will take all possible measures to tide over the ongoing global power crisis and ensure energy security for years to come. The biggest part of the plan involves reviving nuclear energy, with Kishida planning to not only restart idled nuclear reactors but also build next-generation ones.It’s […]

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