What happened
Uranium stocks are back in action after taking a breather last month, with stocks across the board surging in the past two days. Here’s how much some of the notable uranium stocks had gained on Wednesday by market close: Ur-Energy (NYSEMKT: URG): Up 5.1%.
Denison Mines (NYSEMKT: DNN): Up 5.6%.
Energy Fuels (NYSEMKT: UUUU): Up 4.9%. Uranium Energy (NYSEMKT: UEC): Up 5.7%. Cameco Corp (NYSE: CCJ): Up 4.7%. So what Uranium stocks were on fire until about a month ago when uranium prices reversed course after a torrid run up, driven by aggressive spot uranium purchases by Sprott Physical Uranium Trust (OTC: SRUU.F) since the exchange-traded fund ‘s inception mid-July. After an update about uranium purchases on Sept. 17, Sprott went silent, triggering fears among investors about a potential crack in uranium prices.Sprott’s dry spell ended in October, with the fund announcing it had purchased 400,000 pounds […]
Click here to view original web page at www.msn.com
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 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!
Comments