2 Uranium Stocks to Buy Before the Next Nuclear Supercycle
Cameco and Uranium Energy are both best-in-breed uranium plays.
Overview
Uranium's price has always been pegged to the nuclear energy market. That's why many uranium stocks crumbled in the decade after the Fukushima disaster in 2011, which drove many countries to throttle the expansion of their nuclear programs.
From June 2007 to Nov. 2016, uranium's spot price plummeted from its peak of $136 per pound to a 12-year low of $18 per pound. That decline forced many uranium miners and companies to downsize their operations to stay solvent.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.