Why Uranium Energy Stock Zoomed 8% Higher on Friday

Uranium Energy (NYSEMKT: UEC), a miner and processor of the element in its name, did as well as it could have expected in a recent round of capital raising. Investors rewarded the company on Friday by pushing its stock up by more than 8% in a trading session where the S&P 500 index went in the opposite direction with a 2.7% decline.Uranium is the fuel traditionally used in nuclear power plants, which have seen quite the renaissance in the U.S. lately. Uranium Energy (the company) is making hay while the sun shines by floating a secondary issue of its common stock. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool