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Stock impact report

Why Centrus Energy Stock Dropped Today [Yahoo! Finance]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
Company Research Source: Yahoo! Finance
10 stocks we like better than Centrus Energy › Centrus Energy (NYSE: LEU) stock tumbled 3.3% through 12:25 p.m. ET today -- and no one seems to know why. Uranium prices aren't the problem. Trading Economics data shows uranium prices going positively parabolic, up 12% over the last couple of months to $88.40 per pound. This is the highest price since May 2024 and is approaching the highest price in the last decade ($106), recorded in February 2024. Headline news isn't the problem, either. The biggest news in the uranium market today is South Korea announcing it will build two big new nuclear plants. State-owned Korea Hydro & Nuclear Power (KHNP) hopes to secure construction permits in the early 2030s and have the reactors operational by 2037 and 2038, respectively. This is bullish for global uranium demand -- not a reason for Energy Fuels stock fall So why is Centrus Energy stock down today? That's an excellent question. Priced at 46 times earnings, Centrus Energy is not a Show less Read more
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