NXE - Uranium stocks are jumping with prices at six-year highs

High demand for nuclear fuel is combining with bull market enthusiasm to boost uranium and associated stocks. Spot uranium, which does not trade on the open market but by private contracts, hit $39 per pound this week, the highest price in more than six years. The Global X Uranium ETF (NYSEARCA:URA) +9% is at its highest level since September 2014 and up nearly 50% since its late-August low. Uranium plays Cameco (NYSE:CCJ) +7%, Energy Fuels (NYSE:UUUU) +10%, Uranium Energy (NYSE:UEC) +12%, Denison Mines (NYSE:DNN) +10% and NexGen Energy (NYSE:NXE) +6% are all rallying. New reactors coming online as countries, especially China, look to cut carbon emissions and turn away from fossil fuels is boosting demand for yellowcake. Global demand is expected to rise more than 25% to 206M pounds by 2030. And the run in the past month as brought in lots of speculation cash. "The reason for the (recent) surge is that a new trading vehicle, the Sprott Physical

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Uranium stocks are jumping with prices at six-year highs