Although the US Nuclear Corp (OTCMKTS:UCLE) stock was trading within a range on Tuesday it is perhaps necessary for investors to note that the business conditions for the company may be improving.
Trading Data
On Tuesday, UCLE stock fell 0.06% to $0.2853 with more than 21k shares, compared to its average volume of 37K shares. The stock moved within a range of $0.2853 – 0.2855 after opening trade at $0.2855.
New Nuclear Power Construction and the “Pursuit of Net Zero” Benefit US Nuclear Corp.
On Tuesday, France had announced that it was planning to build as many as 14 nuclear plants for the purposes of low carbon energy and for tackling global warming. This was a major development considering the fact that many other nuclear power reactors are going to be built all over the world and at this point the number of planned ones stand at 300.
Such massive projects can be a major boon for companies like US Nuclear Corp which are involved in the sector. Each of the 14 nuclear plants that are going to be built in France is going to need radiation monitoring equipment and that is going to be worth as much as $12 million for each plant. US Nuclear Energy has the right sort of advanced products that will help it in supplying as much as $10 million worth of that equipment. Hence, it may be a good time for investors to consider adding the stock to their watch lists and watch for the developments.
Technical Data
UCLE stock is trading above the 20-Day and 50-Day Moving averages of $0.29 and $0.28 respectively. However, the stock is trading below the 200-Day moving average of $0.47.
