Why UEC Stock Is Set to Outperform Cameco in a Hot Uranium Market
Cameco(CCJ) The Motley Fool·2024-03-31 14:30
The uranium market has been red hot, with prices soaring higher for the element that's used to fuel nuclear power plants. This has also led to the strong performance of uranium miners such as Cameco (CCJ 1.43%) and Uranium Energy Corp. (UEC 0.75%). While both companies are set to benefit from continued increasing uranium prices, Uranium Energy is positioned to benefit more. Here's why.Why prices have been soaringPricing for commodities generally comes down to supply and demand, and uranium is no exception. ...