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Why Ur-Energy Stock Popped Today

TheMotleyFool

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Why Ur-Energy Stock Popped Today: https://g.foolcdn.com/editorial/images/878851/technicolor-atom-representing-atomic-power.jpg

U-Energy (NYSEMKT: URG) stock jumped 5.1% through 12:25 p.m. ET Tuesday after RBC Capital analyst Andrew Wong initiated coverage of the Littleton, Colo.-based uranium miner with an outperform rating and a $1.75 per share price target.

Image source: Getty Images.

Wong is optimistic about the resurgence in nuclear power use in the U.S. -- and arguably even more optimistic about the rising need for reliable sources of uranium to fuel it. As a U.S.-based uranium producer, Ur-Energy offers a pure-play opportunity to bet on both.

Source Fool.com