All-Time High Fever: 10 Stocks Soaring and Breaking Records

8. Cameco Corp. (NYSE:CCJ)

Cameco Corp. rallied to a fresh 52-week high on Monday as investors cheered a new long-term uranium supply agreement with a Slovakian nuclear firm as well as rosy prospects for the overall industry in the US.

During the session, Cameco Corp. (NYSE:CCJ) surged to its highest price of $86.37, marking a 10.57-percent jump, before trimming gains to end the day at $86.32 apiece.

This followed announcements that it entered into an agreement with Slovenské elektrárne (SE) for the delivery of a diversified and secure source of natural UF6 that will support operations of the latter’s Bohunice and Mochovce nuclear facilities from 2028 to 2036. No other details were divulged amid non-disclosure agreements.

“Cameco is proud to play an essential role in helping Slovakia meet its nuclear fuel needs. With this long-term agreement, we are adding a new market to our global commercial portfolio and supporting Slovakia with a stable, reliable supply of uranium fuel that is expected to enhance energy security in the region,” said Cameco Corp. (NYSE:CCJ) CEO Tim Gitzel.

For its part, SE said that the partnership was a significant step for Slovakia’s energy security.

“The contract is strategic for Slovenské elektrárne—allowing us to diversify our suppliers, reduce our dependence on one source, and at the same time guarantee the smooth operation of our nuclear power plants,” said SE Chairman and CEO Branislav Strýček.

In other developments, Cameco Corp. (NYSE:CCJ) rallied alongside its peers after the US signaled that it would support the expansion of the uranium sector in the country.