QUICK SPARK: Nuclear Stocks Are Up 16% In August, 3 Names Rallied By Over 30%
Uranium Energy Corp. UEC | 0.00 | |
Cameco Corporation CCJ | 0.00 | |
BWX Technologies, Inc. BWXT | 0.00 | |
Energy Fuels Inc. UUUU | 0.00 | |
Denison Mines Corp. DNN | 0.00 |
VanEck Uranium and Nuclear ETF (NYSE:NLR) is up roughly 16% month-to-date, on pace for its best month since January and a sharp reversal off the $101.92 low set in July.
The gains sit almost entirely with the miners.
Energy Fuels Inc. (NYSE:UUUU) has added about 39%, Uranium Energy Corp. (NYSE:UEC) about 38% and Denison Mines Corp. (NYSE:DNN) about 33%.
Uranium itself barely moved, with the spot price near $89.55 a pound on Aug. 24, up less than 4% over the same stretch.
The reactor-side names went the other way entirely: BWX Technologies Inc. (NYSE:BWXT), which builds nuclear components rather than mining the fuel, is down about 12% this month.
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