Shares of uranium mining companies surged Monday as retail traders from Reddit's WallStreetBets forum focused their energies on the rallying radioactive metal, including companies tied to uranium in U.S., U.K. and Australia.
Sydney-listed uranium miners$PENINSULA ENERGY LIMITED(PENMF.US)$., Energy Resources of Australia Ltd. and$BANNERMAN ENERGY LTD(BNNLF.US)$all closed more than 25% higher. U.K.-listed miner Aura Energy Ltd. jumped more than 35%.
Meanwhile, Canada's$Cameco Corp(CCJ.US)$has become the third-most-discussed company on WallStreetBets, after tech giants$Apple(AAPL.US)$. New York-traded shares of the uranium miner surged in premarket trading before ending the day up 0.1%.$URANIUM ROYALTY CORP(UROY.US)$shares surged 24%.
The WallStreetBets activity follows a sharp price rise for the physical metal used largely to fuel nuclear power plants. New York-traded uranium futures have surged roughly 40% in the past month to $42.40 a pound, their highest level in about seven years.
Why uranium?
Uranium is the fuel most widely used by nuclear plants for nuclear fission. Uranium is considered a nonrenewable energy source, even though it is a common metal found in rocks worldwide.
Meanwhile, traditional uranium demand remains robust, and growing interest in nuclear in the long term will need more supplies, and the current price environment does not allow for covering future requirements considering the high capital expenditures and long lead times to develop new uranium projects.
Investors are also betting that demand for the metal will rise amid a global shift toward less carbon-intensive sources of energy. Governments including the U.S. and China have pushed for a role for nuclear power in global efforts to mitigate climate change, helping to broaden the appeal of uranium among investors, said Mr. Liebenberg.
The uranium market is quite niche and small but the interest I have seen from generalist investors has been much broader than I used to see in the past.
-said Mr. Liebenberg
Nuclear power in the world today
The first commercial nuclear power stations started operation in the 1950s. Around 10% of the world's electricity is generated by about 445 nuclear power reactors. About 50 more reactors are under construction, equivalent to approximately 15% of existing capacity.
There is a clear need for new generating capacity around the world, both to replace old fossil fuel units, especially coal-fired ones, which emit a lot of carbon dioxide, and to meet increased demand for electricity in many countries. In 2018, 64% of electricity was generated from the burning of fossil fuels. Despite the strong support for, and growth in, intermittent renewable electricity sources in recent years, the fossil fuel contribution to power generation has remained virtually unchanged in the last 10 years or so (66.5% in 2005).

My current biggest return is 199.39% at this point of writing. It is in AMC which I bought in Jan this year and I'm still holding.
I'm hoping Support.com which I'm holding a small quantity, can replicate the same success.

Due to the fact that there is reddit and there are too many memes stock around. Youngster took debt for trying to make quick gains. This could be a double edge sword. If it goes against them, it will be a disaster.