The uranium industry has been on a roll lately, with stock prices surging thanks to some positive news. Major players like Cameco (CCJ) and Denison Mines (DNN) have seen their shares rally sharply after the U.S. announced plans to offer up to $3.4 billion in funding to support domestic uranium production. However, these popular uranium stocks are now trading close to their average analyst price targets, suggesting limited room for additional upside.
But for investors still looking to take part in the uranium rush, there are still some lesser-known stocks that could potentially see significant gains. The recent rally was fueled by President Biden signing a bill to ban Russian uranium imports , aiming to punish Moscow for the Ukraine invasion and further reduce reliance on Russian energy sources. The ban, set to take effect in mid-August 2024, unlocked $2.72 billion in federal funding to expand the domestic uranium industry. […]
Click here to view original web page at www.theglobeandmail.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments