Uranium miners fall to year-lows on broader market risk

Energy Fuels

05/08/2024 17:10

** Stocks of North American uranium companies fall on
Monday, with multiple hitting their lowest this year 
    ** Wall Street's main indexes slumped as risk appetite
weakens following fears of a U.S. recession after weak economic
data last week  .N 
    ** U.S. companies like Uranium Energy  UEC.N  drop 7.7%,
Energy Fuels  UUUU.K  down 5.7%, and Ur-Energy  URG.N  falls
3.5%
    ** Canadian uranium miners NexGen Energy  NXE.TO  down 4.8%,
Cameco  CCO.TO  falls 7.3%, and Denison Mines  DML.TO  loses
8.3% 

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))