Read more

Uranium Energy Corp gains 5% in pre-market as US prepares Russian uranium ban

9:56 AM 1 May 2024

Shares of the Uranium Energy Corp (UEC.US) gain almost 5% in pre-market trading after US senate passed a Russian uranium import ban, sending the bill to US President, Joe Biden. The market expects that tighter uranium supply may drive prices higher, favoring Western companies as the strategic commodity suppliers.

UEC.US (D1)

UEC shares stopped declines at SMA 50 support zone, near 6.8 USD per share and today market move may send it above 23.6 Fibonacci retracement of the upward wave from the spring of 2023.

Source: xStation5

Share:
Back

Market News

07.07.2025
18:54

Daily summary: tariff suspension extended to August 1 📃

U.S. indices are losing ground in the first session of the week, following the extended Independence Day weekend. Despite the extension of...

 18:16

Trump imposes new tariffs on Japan, USDJPY surges 🟢

A sell-off on Wall Street intensified following President Trump’s recent comments posted on his Truth Social profile. President Trump announced...

 17:55

⏫Natural Gas Rebounds Nearly 2%

Natural gas had been under pressure since June 20, due to lower-than-initially-expected demand from gas-fired power plants. Consequently, inventory builds...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits