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Why Uranium Stocks Were Heading for the Sky Today

·4 min read
Why Uranium Stocks Were Heading for the Sky Today
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Shares of junior uranium miners shot through the roof today. As of the market's close on Wednesday, Uranium Energy (NYSEMKT: UEC), Energy Fuels (NYSEMKT: UUUU), and Ur-Energy (NYSEMKT: URG) were up 6.1%, 9.5%, and 8.2%, respectively. As if the emergence of the world's first exchange-traded fund (ETF) that invests in physical uranium wasn't enough to stir up frenzied buying in uranium stocks, big nuclear energy news from Japan this morning added fuel to the enthusiasm.