Oklo Stock Is Rising Monday: Here's Why

Oklo Inc OKLO shares are trading higher Monday after the company announced it’s engaging with the U.S. Nuclear Regulatory Commission (NRC) in a pre-application readiness assessment.

What Happened: Oklo announced it’s engaging with the NRC in a pre-application assessment for its combined license application for the company’s Aurora Powerhouse at the Idaho National Laboratory.

NRC staff will have time to review Oklo’s licensing materials ahead of the full application review to help prepare both sides for an efficient application review process. The readiness assessment is expected to begin near the end of the month.

“We continue making progress towards obtaining commercial licenses for next-generation nuclear technologies,” said Jacob DeWitte, co-founder and CEO of Oklo.

The company expects to submit a formal combined license application later this year, with plans for follow on applications to fulfill its order pipeline of more than 14 GW. The company has been engaging with the NRC since 2016.

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How To Buy OKLO Stock

By now you're likely curious about how to participate in the market for Oklo – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share. In the case of Oklo, which is trading at $31.03 as of publishing time, $100 would buy you 3.22 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

OKLO Price Action: Oklo shares were up 14.3% at $31.03 at the time of publication Monday, according to Benzinga Pro.

Photo: courtesy of Oklo.