Oklo (OKLO) Jumps to Fresh Record on Uranium, Nuclear Boom

We recently published All-Time High Fever: 10 Stocks Soaring and Breaking Records. Oklo Inc. (NYSE:OKLO) is one of the best performers in last week’s trading.

Shares of Oklo Inc. (NYSE:OKLO) jumped to fresh record highs on Monday as investors took heart from a flurry of developments surrounding the nuclear sector.

In intra-day trading, the stock surged to a new high of $95.90 before trimming gains to close up by 15.68 percent at $95.68 apiece.

In the US, the Department of Energy has urged uranium companies to ramp up development of resources to support the expansion of nuclear power generation and fill the growing energy demand.

The announcement spelled good news for Oklo Inc. (NYSE:OKLO), which utilizes uranium resources to power its modular reactors.

Meanwhile, Oklo Inc. (NYSE:OKLO) also rallied alongside its peers after the US shook hands with the UK government to ramp up the development of the nuclear sector through the buildout of new plants and speeding up licenses for nuclear players.

Commercial agreements between US and British companies are also expected to be announced following the deal.

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Disclosure: None. This article is originally published at Insider Monkey.