Why Energy Fuels, Denison Mines, and Uranium Energy Stocks All Crashed Today.
According to The Wall Street Journal, investors are reacting (or perhaps overreacting) to news that a nuclear power plant in southeast China is seeing an increase in "noble gases in one of its reactors' primary circuits, which is part of the reactor's cooling system." So what. Now, Electricite de France SA, which co-owns the nuclear plant, says these gases are not "dangerous in small quantities," and crucially, we're not talking about any sort of a radiation leak -- yet. In the Journal's estimation, the sell-off we're seeing is an "unnecessary investor meltdown" because, as it goes on to explain, "uranium mining companies tend to operate on multiyear supply contracts with utilities, so there is little risk that a nuclear power plant would immediately pull back buying from these mining companies."
https://www.fool.com/investing/2021/06/17/why-uranium-stocks-all-crashed-today/