Why These Energy Stocks Are Gaining This Week

6. Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Share Price Gains Between Sep 16 – July 23: 24.31%

Next on our list of Energy Stocks Gaining the Most this Week is Energy Fuels Inc. (NYSEAMERICAN:UUUU), a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes.

Energy Fuels Inc. (NYSEAMERICAN:UUUU) soared to a 10-year high after uranium futures in the US soared to over $80 per pound this week, the highest in ten months. The price surge comes after US Energy Secretary Chris Wright revealed that the country is looking to boost its strategic uranium stockpile to buffer against Russian supplies and increase confidence in the long-term prospects of nuclear power generation.

Following the recent uptick, Energy Fuels Inc. (NYSEAMERICAN:UUUU) has gained more than 50% over the last month.