What’s Behind the Upward Surge of Uranium Stocks?

Forbes reported uranium stocks have surged 30% over the past year with another recent jump up on speculation Iran is buying yellowcake.

As quoted in the market news:

Yellowcake is a form of uranium concentrate obtained from leach solutions as an intermediate step in the processing of uranium ore.  Sources indicate that aggressive buying in uranium stocks is occurring in North America on speculation that Iran is buying uranium.  Look at shares of Canada’s Cameco (CCJ), up 30% year-to-date.  Similarly aggressive speculation does not seem to be happening on overseas stock exchanges.

Click here to read the full Forbes report.