Why These Energy Stocks Are Gaining This Week

5. Ur-Energy Inc. (NYSEAMERICAN:URG)

Share Price Gains Between June 11 – June 18: 17.71%

Ur‑Energy Inc. (NYSEAMERICAN:URG) is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

Ur‑Energy Inc. (NYSEAMERICAN:URG) received a massive boost following a more than 7% surge in the global price of uranium over the last week. The surge comes as a result of an announcement by the Sprott Physical Uranium Trust that it would acquire around $200 million worth of the nuclear fuel in its physical form, twice the amount it initially signaled in its agreement with Canaccord Genuity.

The stock has also benefited from an upcoming nuclear renaissance in the United States, following an executive order by President Trump to support domestic uranium mining and enrichment capacity, cut regulations, and accelerate licenses for reactors.

Following the recent rally, the share price of Ur‑Energy Inc. (NYSEAMERICAN:URG) has jumped by more than 61% over the last month.