Why Uranium Stocks Popped This Morning
Shares of uranium stocks are glowing green on Monday -- and you can thank the United States Senate for that. As Mining.com reported over the weekend, the Senate's Committee on Environment and Public Works has just approved a bipartisan bill aimed at establishing a U.S. national strategic reserve of uranium. As of 1:05 p.m. EST, Cameco (NYSE: CCJ) was up 13.3%, Denison Mines (NYSEMKT: DNN) soared 13.5%, Energy Fuels (NYSEMKT: UUUU) rose 15.5%, and Uranium Energy (NYSEMKT: UEC) skyrocketed 22.3%.