Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Uranium Stocks Exploded This Week

TheMotleyFool

0 0

Shares of uranium stocks were on fire this week as uranium spot prices continued a steady rise. According to data by Markets Insider, the spot price of uranium is up 65.5% so far this year and has risen from $42.40 per pound to close last week to $49.65 as I'm writing. This has suddenly become a hot commodity in the energy industry.

Uranium Royalty (NASDAQ: UROY) led the way by climbing 36.6% from the close of trading last Friday to the market close Thursday night. Ur-Energy (NYSEMKT: URG) jumped 9% over the same time frame and Energy Fuels (NYSEMKT: UUUU) was up 6.9%. The three stocks had a maximum intra-week gain of 52%, 17.5%, and 17.8%, but gave back some of that by the end of the week.

Image source: Getty Images.

Source Fool.com

Like: 0

URG

Share