Shares of companies which operate on the uranium market, including Cameco (CCJ.US), Denison Mines (DNN.US) or Uranium Energy Corp (UEC.US), which is the largest producer of uranium in the US, are gaining today amid renewed speculation regarding embargo on Russian nuclear products.
For a long time Uranium producers from the west have been trying to persuade the US government to impose sanctions on Russia in order to secure strategic supplies of this commodity and weaken the position of the main supplier which is still Russia's Rosatom.
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Open account Try demo Download mobile app Download mobile appUS Treasury Secretary Jannet Yellen said today that the government will look into Ukraine's calls for US sanctions on Russia's nuclear energy sector, but must also consider the potential consequences for the US and its allies.
Uranium Energy Corp (UEC.US) stock price fell sharply in recent weeks, however buyers managed to halt declines around $6.50, while RSI reached oversold level. If current momentum prevails, upward move may extend towards the psychological resistance $4.0 Source: xstation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
