Why Uranium Energy Stock Popped Today
Ur-Energy got the buy rating today, but Uranium Energy stock deserves it more.
Overview
Uranium Energy (NYSEMKT: UEC) stock eked out a 2.1% gain through 3 p.m. ET Tuesday after RBC Capital analyst Andrew Wong initiated coverage of its rival, Littleton, Colo.-based uranium miner Ur-Energy (NYSEMKT: URG).
There was no other notable news to explain Uranium Energy's move, not even a spike in uranium prices -- which are actually down slightly today.
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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.