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
Centrus inks agreement to supply HALEU to Antares
Centrus Energy and Antares Nuclear signed a multi-year agreement Thursday where Centrus will provide high-assay low-enriched uranium (HALEU) to Torrance, Calif.-based microreactor developer. In the span of two months, Centrus signed its third HALEU supply contract with an advanced reactor company with Radiant Nuclear last week and X-energy in August. Centrus said in a press […]