Why These Energy Stocks Are Gaining This Week

2. Ur-Energy Inc. (NYSE:URG)

Share Price Gains Between Apr. 16 – Apr. 23: 12.79%

Ur‑Energy Inc. (NYSE: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. (NYSE:URG) continues to surge after recently reporting strong results for its Q4 2024. The company posted a revenue of $22.65 million, up by a significant 316.34% YoY and topping expectations by $878,000. Moreover, URG more than doubled its uranium production in 2024, capturing a total of  265,746 pounds of U3O8 against 103,487 pounds in 2023. The stock has also benefited from the bullish investor sentiment surrounding American uranium producers after the White House ordered a probe into potentially imposing tariffs on critical mineral imports, including uranium.