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 […]

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