Uranium stocks rising
Since middle of march 2020, uranium stocks are performing unexpectedly well compared to the broader market. Let’s take a brief look at some momentum uranium stocks.
Energy Fuels $UUUU
$UUUU rose by 65% within 19 days. Energy Fuels is producing both uranium and vanadium.
What’s most interesting about $UUUU is the fact that the company is the „owner of the only operational conventional uranium mining in the United States“.
At April 22, it rose by roughly 22% on above-average volume, becoming the best performing uranium stock this day.
Another Uranium Stocks to put on watchlist:
- UR Energy Inc ($URG)
- Uranium Energy Corp ($UEC)
- Lamaride Resources LTD. ($LAM)
- Denison Mines Corporation ($DNN)
As of today (23.04), uranium stocks are a bit overextended, so a pullback or consolidation can be expected within the next couple of days. Until then, these stocks might continue their rise.
Global X FDS Uranium ETF