Why Uranium Energy Stock Rocketed 12% Higher on Monday
Uranium Energy (UEC) The Motley Fool·2024-09-24 07:04
The company touted the synergistic nature of its latest deal. Bulking up via acquisition is a classic tactic employed by businesses. The latest such move by Uranium Energy (UEC 11.73%) was announced on Monday and met with hearty investor approval gauging by the stock's more than 10% price pop on the day. That rise was far higher than that of the bellwether S&P 500 index, which increased by a far more modest 0.3%. A $175 million deal Wyoming-based Uranium Energy announced that it reached agreement on the pur ...