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Why is Energy Fuels Inc (UUUU) Stock down?
Energy Fuels Inc (UUUU) stock dropped by 6.49% due to the CFO resignation. Tom Brock, who held the position of Chief Financial Officer (CFO) at Energy Fuels, announced his resignation, effective December 31, 2023. The departure of a CFO can sometimes create uncertainty among investors, as the financial leadership of the company is crucial for its operations and financial performance. Investors may have reacted to this news by selling shares of Energy Fuels, leading to a decrease in the stock price.
Energy FuelsOrdinary Share (UUUU) fell 6.48% due to decrease in uranium price. The world's biggest uranium miner said Friday it will significantly increase production starting in 2025, following years of restricting its output to stabilize prices. The announcement appeared to halt the recent run-up in nuclear shares sparked by surging demand for uranium while production has been low for years.
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