Why Uranium Energy Stock Popped on Thursday
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
