USEC, Inc. (USU) Moves Higher, This Time on Additional Funding Agreement
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USEC, Inc. (NYSE: USU) is up markedly in early trading Monday following an earlier announcement that it and its subsidiary, American Centrifuge Demonstration, LLC,
Through the close last Friday, shares of USEC surged 217 percent to $19.21, from a close of $6.05 on July 19th. Much speculation surrounded the accelerated rise, which has moved USEC's market cap above the $95 million level.
Into the open, shares of USEC are up about 5 percent.
signed an amendment July 24 to the June 2012 RD&D cooperative agreement with DOE that provides an additional $29.9 million in government cost-share, bringing total DOE funding to $227.7 million, sufficient to fund the program through September 30, 2013.
Through the close last Friday, shares of USEC surged 217 percent to $19.21, from a close of $6.05 on July 19th. Much speculation surrounded the accelerated rise, which has moved USEC's market cap above the $95 million level.
Into the open, shares of USEC are up about 5 percent.
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