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Why Uranium Energy Stock Just Jumped 11%

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Why Uranium Energy Stock Just Jumped 11%
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Shares of uranium mining company Uranium Energy (NYSEMKT: UEC) jumped 11% as of 2:50 p.m. EDT Wednesday after The Wall Street Journal reported this morning on how "day traders are driving uranium prices higher." The cost of yellowcake has risen 46% since early August, reported the Journal, hitting $47.10 per pound -- and according to data from TradingMarkets.com, it's up another 3.7% today.