Why These Energy Stocks are Gaining This Week

3. Uranium Royalty Corp. (NASDAQ:UROY)

Share Price Gains Between July 15 – July 22: 22.27%

Uranium Royalty Corp. (NASDAQ:UROY) is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests.

Uranium Royalty Corp. (NASDAQ:UROY) was among the uranium stocks that soared this week following an announcement by the Department of Energy that it had started a new pilot program to accelerate the development of advanced nuclear reactors and strengthen domestic supply chains for nuclear fuel. The strategic initiative is aimed at ending America’s reliance on foreign sources of enriched uranium and critical materials, especially given the current geopolitical landscape.

Uranium Royalty Corp. (NASDAQ:UROY) shot up to a 52-week high this week, having gained more than 30% over the last year.