Why Uranium Energy, Energy Fuels, and Ur-Energy Stocks Keep Falling

·2-min read
Why Uranium Energy, Energy Fuels, and Ur-Energy Stocks Keep Falling

Shares of uranium mining company Uranium Energy (NYSEMKT: UEC) fell 9.9% as of 2:10 p.m. ET on Friday. Peer uranium miners Energy Fuels (NYSEMKT: UUUU) and Ur-Energy (NYSEMKT: URG) likewise tumbled, down 9.3% and 8.5%, respectively. Since recovering a recent peak price of $48 a pound a week ago, the value of yellowcake uranium has been falling steadily, dropping below $47 and heading toward $46.

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