Uranium Energy Corp Stock Price (UEC) Hits New High As Nuclear Trade Spreads
Uranium Energy Corp’s stock price (NYSE: UEC) has hit a new 52-week high in trading today as the Nuclear energy trade continues. UEC’s stock hit a new mark of $8.66 after a month long rally that has seen the value of the firm gain 68.27% as markets focus on clean energy solutions.
UEC’s recent success can be attributed to its substantial operational expansions. The licensed production capacity of its Irigaray Central Processing Plant in Wyoming has been increased, pushing its annual output capability to 4 million pounds of U3O8, a key indicator of growth potential for the company. Furthermore, UEC’s recent acquisitions of the Rio Tinto-owned Wyoming assets, namely Kennecott Uranium Company and Wyoming Coal Resources Company, have…
