NexGen Energy stock jumps as uranium names rally on Canada project milestone
NexGen Energy shares jumped 9.8% to $10.10 in New York midday trading Friday, following Denison Mines’ announcement it is ready to start building its Phoenix uranium project. Uranium-linked stocks outperformed after Denison updated its Phoenix capital cost estimate to $600 million. NexGen’s next regulatory hearing is set for February. Uranium futures traded near $81.65 per pound.