Why Uranium Energy, Cameco, and Denison Mines Stocks All Popped Today
Cameco(CCJ) The Motley Fool·2024-01-12 19:08Bad news out of Kazakhstan sparked a surge in the share prices of multiple uranium stocks on Friday, with shares of companies such as Cameco (CCJ 7.74%) and Denison Mines (DNN 8.33%) rising 9.6% and 9.7% through 1:15 p.m. ET, while Corpus Christi, Texas-based uranium producer Uranium Energy (UEC 11.83%) beat them both with a 12.1% gain.As the Financial Times reported this morning, Kazakh uranium mining company Kazatomprom has warned that a lack of supply of sulfuric acid, used in the extraction of uranium m ...