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13.07.2019 00:34:00

Why Uranium Energy, Ur-Energy, and Energy Fuels Stocks Just Melted Down

Bing-bang-boom! Uranium miners Uranium Energy (NYSEMKT: UEC), Ur-Energy (NYSEMKT: URG),and Energy Fuels (NYSEMKT: UUUU) all blew up on Friday -- in a bad way. Down 26.5%, 34.4%, and 36.2%, respectively, as of 3:25 p.m. EST, all three of these uranium energy plays appear to be reacting to negative news out of the Trump administration.Yesterday, Reuters reported that Energy Fuels and Ur-Energy asked the government to impose a quota requiring that at least 25% of all uranium used in the U.S. also be produced in the U.S. If approved, such a quota could dramatically increase sales by all three of the uranium producers named above -- Uranium Energy included, even if it didn't actively seek the quota. At last report, only 7% of U.S.-used uranium was also produced within U.S. borders.Image source: Getty Images.Continue reading
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Uranpreis 25,95 0,55 2,12