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Why Uranium Energy Stock Popped on Thursday

TheMotleyFool

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Why Uranium Energy Stock Popped on ThursdayPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

Uranium Energy (NYSEMKT: UEC) stock raced out of the gate on the first trading day of 2025, rising 11.2% through 10:50 a.m. ET.

A modest uptick in the price of uranium underlies Uranium Energy's strength today, with prices rising more than 4% in the final days of 2024.

Despite all sorts of good news for nuclear energy stocks in general in 2024, the year was not a great one for uranium miners like Uranium Energy in particular. In the face of a stock market that gained more than 25%, Uranium Energy stock actually lost value in 2024, and the big reason for this was the falling value of the uranium it produces.

Source Fool.com

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