USEC’s share price continued to surge Friday, going from a low of $14.18 and hitting a peak of $22.54. The share price closed the day at a new high for the year of $19.21. This comes after USEC hit a low of $2.60 earlier in the month and saw its share price more than double early last week. Friday’s boost led to a third call from the New York Stock Exchange in the span of a week regarding “unusual market activity.” USEC has declined to comment on its share price. But analysts have pointed to last week’s elections in Japan, which saw support of pro-nuclear politicians, combined with a “short squeeze” in which there was low share supply following USEC’s reverse stock split early this month.
USEC STOCK CONTINUES TO SURGE
X-energy completes vertical construction of Oak Ridge fuel facility
X-energy’s nuclear fuel subsidiary, TRISO-X, completed the vertical construction of its first fuel fabrication facility in Oak Ridge, Tenn., the company said Sept. 24. With the primary building of the 214,000-square-foot structure up, X-energy said in a press release that its subsidiary is going to move forward with the next stage of work that includes […]