UUUU - This Uranium Miner Has Been Lighting It Up So Far in 2021 But Will It Last?
Energy Fuels Inc. (NYSEMKT: UUUU) is a uranium and rare earth miner based in Colorado, with a registered office in Ontario, Canada. After some slow years following the Fukushima nuclear disaster back in 2011, the price and demand for Uranium has finally returned to previous levels. The surge has been enough to boost Energy Fuel's stock to record levels, returning 107% so far in 2021 and 427% over the past 52-weeks.
The company was founded in 1970 and then incorporated under its current name in 2006. Since then it has produced more than 16 million pounds of Uranium. The company has been struggling with Uranium prices recently and because of this is changing its focus in a major way. But what can investors expect going forward?
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This Uranium Miner Has Been Lighting It Up So Far in 2021, But Will It Last?