Uranium stocks Energy Fuels (NYSEMKT:UUUU) and Ur-Energy (NYSEMKT:URG) popped on Tuesday, extending the broader rally in uranium stocks from yesterday. Energy Fuels and Ur-Energy popped 11% each by 2 p.m. EDT before closing the day up around 3% each.
If you look carefully at their price performances in recent weeks, these stocks have been among the laggards in the industry, presenting traders and investors with a good opportunity to bet on them even as uranium prices continue to rally. Investors in Energy Fuels also see value beyond uranium.
So what
Uranium stocks jumped on Sept. 13 after uranium prices hit multi-year highs and uranium stocks became the hottest topic of discussion on Reddit’s WallStreetBest forum.
Today morning, though, Morgan Stanley issued a warning on uranium stocks saying the current rally may not sustain into 2022. That put some pressure on uranium stocks early in trading today, but investors and industry experts alike are taking Morgan Stanley’s opinions with a grain of salt.
Best Energy Stocks To Watch Right Now: California Resources Corporation(CRC)
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in approximately 2.4 million net acres. As of December 31, 2015, it had net proved reserves of 644 million barrels of oil equivalent. It also gathers, processes, and markets oil and gas products to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. In addition, the company generates and sells electricity to the grid and to others through contractual agreements. California Resources Corporation is headquartered in Los Angeles, California.
