Uranium stocks have gone nuclear, here's how to play it

(Kitco News) Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Uranium Royalty Corp CEO and executive VP of Uranium Energy Corp.

"Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makori, editor-in-chief of Kitco News.

Uranium is currently trading around $45, and due to this year's "mega-trend," it has the potential to go towards $100.