Guess which ASX uranium stock just leapt 18% on ‘significant’ project upside potential

A miner stands in front oh an excavator at a mine site The All Ordinaries Index (ASX: XAO) is down 1.1% today, but that’s not holding back this rocketing ASX uranium stock.

The ASX uranium share closed yesterday trading for 55 cents. In earlier trade today, shares were swapping hands for 65 cents apiece, up 18.2%.

After some likely profit-taking, shares are currently trading for 63.5 cents, leaving this ASX uranium stock up 15.5% in intraday trade.

Any guesses?If you said Toro Energy Ltd ( ASX: TOE ) give yourself a virtual gold star.Here’s what’s happening. Broader tailwinds for ASX uranium stocks Toro Energy looks to be getting a big lift on two fronts.First, the uranium price hit 16-year highs yesterday, with yellowcake trading above US$100 per pound.The uranium price has been marching steadily higher over the past six months amid renewed global ambitions for nuclear energy.The outlook for the uranium […]

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