Uranium / nuclear stocks higher on White House call to boost uranium reserves

Shares of Uranium producers traded higher on Monday as Bloomberg’s Jonathan Tirone reported that the Trump administration’s top energy official is recommending that the U.S. increases its strategic uranium reserve to buffer against Russian supplies. The report notes that the recommendation should bolster confidence in the long-term prospects of nuclear power generation. Among top uranium producers, Uranium Energy (UEC) was up 11%, Cameco (CCJ) was up 11%, NexTGen Energy (NXE) was up 11%, and Denison Mines (DNN) was up 8%. Share of Oklo (OKLO) also hit hit record highs above $95 per share, rising 16% on the day.