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Why Energy Fuels Rocketed Higher This Week

TheMotleyFool

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Why Energy Fuels Rocketed Higher This Week: https://g.foolcdn.com/editorial/images/835290/gettyimages-479533242.jpg

Shares of rare earths and uranium miner and processor Energy Fuels (NYSEMKT: UUUU) rallied 12.7% this week as of 11:34 a.m. ET Friday, according to data from S&P Global Market Intelligence.

There wasn't much in the way of company-specific news this week, but several news items regarding the Trump administration's focus on nuclear energy, as well as strategic investments in miners of critical materials, boosted shares of Energy Fuels and its peers.

This week, the Trump administration made several positive comments and indications regarding both nuclear energy, which is Energy Fuels' core business, and other strategic minerals.

Source Fool.com

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