Uvre shares (ASX:UVA) saw a significant increase, soaring up to 12.5% to A$0.135, marking the highest level since June 7.

The surge came following the company’s confirmation of high-grade uranium and vanadium discovery from surface sampling at its East Canyon project in Utah, United States.

The firm is expected to provide ongoing interpretation of all data, including airborne survey results, over the forthcoming weeks.

This surge in the stock market comes after Uvre’s biggest intraday percentage gain since July 7.

A noticeable shift in investors' activity was observed with over 616,000 shares changing hands, dwarfing the 30-day average of about 136,000 shares.

However, despite this surge, the shares are still down around 7.7% for the year so far.

Uvre is a company engaged in the exploration and development of mineral resources, focusing on uranium and vanadium.