Jim Cramer - Mad Money Uranium Energy UEC-A DON'T BUY Feb 08, 2023

It's losing money despite demand for nuclear energy.

Jim Cramer - Mad Money

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$3.790

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Mining

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COMMENT

As of last November, the spot price for uranium was $18 a pound, and has gone up over $24 a pound. (About $42 in 2012.) There are about 57 nuclear plants coming on line, but they will take time. There is still the over supply problem to deal with.

DON'T BUY

Won't happen, won't be a nuclear power plant built in the US. He's researched this. Past nuclear accidents prevent a new one.

BUY

Very bullish on sector. Is a shareholder of this company. Not as cheap (NAV basis) as other companies in sector. Very well managed company. Probably best pure play for American Uranium. Increasing demand for Uranium will be good for company.

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Jim Cramer - Mad Money Uranium Energy UEC-A DON'T BUY Feb 08, 2023

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