Why Energy Fuels Stock Popped Today
Rare earth metals miner MP Materials (NYSE: MP) announced a "transformational public-private partnership with the Department of Defense to accelerate U.S. rare earth magnet independence," sending its stock up 60% this morning. Now investors in other producers of metals, critical to national defense, are hoping they may be next in line.
Producers like who, you ask? Well, Energy Fuels (NYSEMKT: UUUU) stock gained 15.2% through 11:25 a.m. ET today, as investors wonder whether the DoD might throw some money at uranium as well as at rare earths.
Image source: Getty Images.
Source Fool.com
