4 Uranium Stocks to Buy on Retail Investors’ Hype

4 Uranium Stocks to Buy on Retail Investors’ Hype

Uranium prices recently hit a nine-year high . It’s therefore not surprising that uranium stocks have surged.

Let’s first discuss the factors that have driven the so-called yellowcake higher.

Besides some improvement in fundamentals, there are two reasons for the uranium surge.

In July , RBC opined that social media activity has boosted uranium prices. According to RBC’s report, “uranium market fundamentals have improved only modestly in the past 6 months compared to the sharp rise in equity values.” Sprott Asset Management’s aggressive buying of uranium is another reason that has boosted prices in the recent past. The Financial Times reports that Sprott holds more than 28 million pounds of uranium , which it says is enough to power France for a year.Coming back to fundamentals, there seems to be a fear that the demand-supply gap will widen. Data from Statista indicates a potential demand of 209 million pounds of uranium concentrate […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
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
  • 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!


No comments yet