Berkeley Energia surges on rising uranium price

Berkeley Energia Ltd (LSE:BKY, ASX:BKY) , which is developing the Salamanca uranium project in Spain, is in demand after a jump in the metal’s price.

A surge in its share price on the Australian Stock Exchange in the past few days prompted a letter to the company asking for an explanation.

Berkeley said it knew of no particular reason for the increase, and there was no unannounced information which could account for it.

But it added its shares had surged by 70% on the Spanish exchanges since 10 March 2022 with over 112mln shares traded.It said: "The company further notes that in light of Russia’s invasion in Ukraine and the current high energy prices in Europe, particularly in Spain which has seen spot electricity prices increase significantly to record highs in March, there have been news articles in the Spanish and European press referring to nuclear power being assessed as a viable […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

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