Why These Energy Stocks are Gaining This Week

5. Uranium Energy Corp. (NYSEAMERICAN:UEC)

Share Price Gains Between Oct. 3 and Oct. 10: 10.9%

Uranium Energy Corp. (NYSEAMERICAN:UEC) is engaged in uranium mining and related activities.

Uranium Energy Corp. (NYSEAMERICAN:UEC) rose after the company announced the full exercise and closing of an over-allotment option in its recent public offering, generating gross proceeds of $30.57 million.

Earlier this month, the company announced the launch of a significant public offering of 15.5 million shares of its common stock to raise capital to accelerate the development of a new uranium refining and conversion facility in the United States.

Following the uptick, the share price of Uranium Energy Corp. (NYSEAMERICAN:UEC) has skyrocketed by more than 213% over the last six months, trading at its all-time high as of the writing of this piece.