Why Ur-Energy and Energy Fuels Stocks Popped 11% Today

Uranium stocks Energy Fuels (NYSEMKT: UUUU) and Ur-Energy (NYSEMKT: URG) popped on Tuesday, extending the broader rally in uranium stocks from yesterday. Energy Fuels and Ur-Energy popped 11% each by 2 p.m. EDT before closing the day up around 3% each.

If you look carefully at their price performances in recent weeks, these stocks have been among the laggards in the industry, presenting traders and investors with a good opportunity to bet on them even as uranium prices continue to rally. Investors in Energy Fuels also see value beyond uranium.

Uranium stocks jumped on Sept. 13 after uranium prices hit multi-year highs and uranium stocks became the hottest topic of discussion on Reddit's WallStreetBest forum.

Continue reading

Source Fool.com