Why Ur-Energy, Uranium Royalty, and Denison Mines Stocks Popped on Monday
Uranium stocks were back in action Monday after an unsettling last week, with most stocks surging on Sept. 27 before settling a bit lower by market close. Denison Mines (NYSEMKT: DNN) and Ur-Energy (NYSEMKT: URG) each popped during the day and closed up 8.3% and 4.3%, respectively. Uranium Royalty (NASDAQ: UROY) shot up 11.6% by market close.
Investors saw an opportunity in the red-hot uranium stocks after last week's decline in prices, especially with natural gas prices soaring.
After a heady rally that saw uranium prices surge almost 60% in less than a month's time, prices took a breather last week and drove most uranium stocks lower.
Source Fool.com
