Uranium Miner Powers Higher on Rare Earth Initiative

Energy Fuels Inc. (TSX:EFR), a uranium miner, sparked up after announcing its entry into the Rare Earth Element sector

Sean Mason | April 14, 2020 | SmallCapPower

A move into the rare earth space generated interest in shares of a uranium miner Tuesday. Here’s some small stocks making big moves on Tuesday, April 14, 2020 (as of 4 pm EST):

Energy Fuels Inc. (TSX:EFR) shares surged 19% to $2.15 on Tuesday after the uranium miner announced its entry into the Rare Earth Element sector by utilizing its licensed and constructed White Mesa Mill in Utah.

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As well, shares of Organigram Holdings Inc. (TSX:OGI) slipped 12% to $2.22 as the Canadian cannabis company said its second-quarter 2020 net revenue fell 14% to $23.2 million.

Spectral Medical Inc. (TSX:EDT), meanwhile, reported that the United States Federal Food and Drug Agency (FDA) has approved a supplemental Investigational Device Exemption for the use of Spectral’s PMX cartridge in the treatment of patients with COVID-19. Spectral Medical stock popped 39% to $0.72 following the announcement.

Finally, Peeks Social Ltd. (TSXV:PEEK) shares gained 27% to $0.07 after the social network provider announced the launch of its new streaming service Mii.TV, a livestreaming service that allows individuals to socially interact and transact while physically isolated.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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