Why Uranium Stocks Raced Higher This Morning
Shares of uranium mining stocks are glowing green again on Monday -- just one week after the U.S. Senate Committee on Environment and Public Works approved a bill aimed at establishing a U.S. national strategic reserve of uranium. As of 11:25 a.m. EST:
Image source: Getty Images.
Last week's legislation is one factor keeping uranium stocks moving higher today. Uranium company CEOs are hoping that an infusion of funds from the federal government buying uranium for its stockpile will save uranium companies from their present "high risk of insolvency" (said one Congressional report). So demand is one factor -- but supply is another.
Source Fool.com
