Why Ur-Energy Stock Popped Today
Can Ur-Energy earn money selling uranium? One analyst thinks so.
Overview
U-Energy (NYSEMKT: URG) stock jumped 5.1% through 12:25 p.m. ET Tuesday after RBC Capital analyst Andrew Wong initiated coverage of the Littleton, Colo.-based uranium miner with an outperform rating and a $1.75 per share price target.
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Wong is optimistic about the resurgence in nuclear power use in the U.S. -- and arguably even more optimistic about the rising need for reliable sources of uranium to fuel it. As a U.S.-based uranium producer, Ur-Energy offers a pure-play opportunity to bet on both.
Details
Source
Originally published at www.fool.com.
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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.