5 Stocks Racking Up Monster Gains

4. Uranium Energy Corp. (NYSEAmerican:UEC)

Uranium Energy grew its share prices by 9.68 percent on Monday to finish at $15.41 apiece, as investor optimism was fueled by the improving macroeconomic conditions after the US and Iran hinted at ending the war.

In other news, Uranium Energy Corp. (NYSEAmerican:UEC) recently secured the approval of the Texas Commission on Environmental Quality (TCEQ) for its Buke Hollow project, paving the way for the commencement of operations.

Uranium Energy Corp. (NYSEAmerican:UEC) said that the development will be the first in-situ recovery uranium to be operating in over a decade.

Production will be processed at the Hobson Central Processing Plant, which is licensed to produce up to 4 million pounds of uranium per year.

“The startup of Burke Hollow is a significant achievement for UEC, advancing the project from a grassroots discovery in 2012 to production in 2026. With two ISR operations now producing, and our Ludeman ISR project planned for startup in 2027, we are building a scalable, multi-faceted platform supported by the largest uranium resource base in the United States,” said Uranium Energy Corp. (NYSEAmerican:UEC) President and CEO Amir Adnani.

“Our 100 percent unhedged, staged production growth strategy positions UEC to meet strengthening market fundamentals and growing U.S. policy support for the domestic nuclear fuel supply chain,” he added.