Why Energy Fuels Stock Cratered on Friday
Shares of uranium mining company Energy Fuels (NYSEMKT: UUUU) crashed 8.4% through 3:15 p.m. ET Friday. There wasn't any "new" news to explain Energy Fuels' drop today -- and that may be the problem. Prices for nuclear fuel certainly have been surging, and multiple times seemed to be approaching the "$60-a-pound uranium" target that is seen as a likely high-water mark for the cost of the fuel.