Why These Energy Stocks are Losing This Week

4. Uranium Royalty Corp. (NASDAQ:UROY)

Share Price Decline Between July 22 – July 29: 7.62%

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 gained earlier this month following an announcement of a new pilot program by the Department of Energy to accelerate the development of advanced nuclear reactors and strengthen domestic supply chains for nuclear fuel. The strategic move is a part of the government’s efforts to reduce America’s reliance on foreign sources of enriched uranium and critical materials, especially given the current geopolitical landscape. So the recent decline could be due to investors cashing in their profits on the stock.

It must be noted that the price of nuclear fuel has fallen by almost 10% over the last month, and is down by around 13.7% compared to the same period last year.