Marketwire.com reports uranium spot price quoted as surpassing the $60 per pound and uranium stocks have been surging last couple of weeks.

The press release is quoted  as saying:

According to the Global X Uranium ETF which was starter trading earlier this month, uranium provides about 16% of the world’s electricity. Uranium bulls believe that the radioactive element is a clean resource alternative for electric generation. One pound of uranium can generate as much energy as 20,000 pounds of coal, and leaves behind a fraction of the carbon footprint.

Click here to access the entire news release.