INSANE: Down 15 ytd is this small cap uranium stock undervalued | Vintage Vibes

Investing in commodity-focused businesses, such as Energy Fuels (UUUU), can be a higher-risk strategy due to the cyclical nature of these sectors. However, uranium prices (UXM24) are up more than 18% from their November lows amid concerns over a potential supply crunch, and should continue to move higher in the upcoming decade as the world transitions towards cleaner energy sources. 

Since May 2019, uranium prices have almost quadrupled due to robust demand. Currently, the markets are assessing the impact that a U.S. ban on Russian imports might have on uranium prices in the near term. President Joe Biden just signed a bill banning uranium imports from Russia, a country that accounts for 25% of the supply in the U.S. and 50% of the global supply.