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Why Uranium Energy Stock Jumped 11% on Tuesday

TheMotleyFool

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Why Uranium Energy Stock Jumped 11% on Tuesday: https://g.foolcdn.com/editorial/images/872807/gettyimages-2217587121-1201x682-f10c0f3.jpg

Shares of Uranium Energy (NYSEMKT: UEC) popped on Tuesday, trading 11% higher as of 1 p.m. ET and logging nearly 26% gains in just 10 trading days, as of this writing.

This morning, Uranium Energy announced it will report its next quarterly earnings on June 9. However, it's not the pre-earnings anticipation that sent the uranium stock soaring. The sudden buying frenzy is a direct reaction to an industry development that investors believe could create significant opportunities for the uranium miner.

Image source: Getty Images.

Source Fool.com

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