Jim Cramer on Uranium Energy: "Don't Buy These Uranium Companies"

Uranium Energy Corp. (NYSE:UEC) is one of the stocks Jim Cramer was recently asked about. During the lightning round, a caller asked about the stock, and here’s what Mad Money’s host had to say in response:

“No… We had that. We had that. We had that…. I mean, I gotta tell you, GE Vernova was very enlightening. Don’t buy these uranium companies. We’re like done, okay, they’re up too much. We’re not… going to be like shoveling new uraniums. These are not like coal plants. They’re not like forest fires. These are nuclear power plants. They take forever to build. There will be one that’s going to open in 2028. But these ones that need this, I’m talking about 2035. We’re not playing this game.”

Uranium Energy Corp. (NYSE:UEC) explores, develops, and processes uranium and titanium concentrates through its mining and extraction operations. When a caller inquired about the stock during the August 13 episode, Cramer commented:

“I like nuclear… Do I care that it’s up in a straight line? Not anymore. No. Because like Oklo, when I bought that, I told you, buy that Oklo, doubled. I want money to be made. That’s what I’m here for.”

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