Yellow Cake confident despite fall in uranium prices

Yellow Cake Sharecast graphic / Josh White Yellow Cake

604.50p

16:40 21/10/24

1.26%7.50p Yellow Cake , a specialist company holding physical uranium for long-term investment, reported a 4.4% decrease in the value of its uranium holdings during the September quarter on Monday. FTSE AIM 100 3,568.52 17:09 21/10/24n/an/a FTSE AIM All-Share 734.95 17:09 21/10/24n/an/a Industrial Metals & Mining 6,267.79 16:44 21/10/24-0.61%-38.30The AIM-traded firm said the decline mirrored a drop in the uranium spot price, which fell from $85.50 per pound at the end of June, to $81.75 per pound by the close of the quarter on 30 September.However, since the quarter ended, the spot price had seen a recovery to $83.25 per pound.The company said its uranium holdings, valued at $1.77bn at the end of September, were down from $1.85bn in June.Correspondingly, Yellow Cake’s estimated net asset value per share decreased by 10.1%, from […]

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