NEW YORK, April 30, 2015 /PRNewswire/ -- Uranium Energy Corp. (NYSEMKT: UEC) is a Texas based uranium producer and exploration company has recently hit new 52 – week highs on news of a Japanese court ruling in favour of restarting the nuclear reactors following the Fukushima disaster in 2011. The company's shares reached an intraday high of $2.75 before settling down at $2.58 on a volume of 2.85 million shares; far exceeding the approximate 1 million daily average volumes. Uranium Energy Corp operates a producing mine and has several projects in late stage exploration or early development stages.
Japan, which shut down 48 of its nuclear reactors in 2011, has moved a step closer to restarting those reactors after a Kagoshima District Court rejected a petition filed by some residents near the plant in the city of Satsumasendai to delay the restart of two reactors after safety regulators cleared it. News of this nature will help drive this junior miner/producer upwards.
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