‘Just not in the race’: Should you jump on the ASX uranium shares bandwagon?

ASX uranium shares are exploding this year, with three stocks hitting 52-week highs yesterday.

Paladin Energy Ltd ( ASX: PDN ) shares reached a new annual peak of 99 cents on Monday. Their run continues today with the Paladin Energy share price hitting $1.04 in morning trading.

Deep Yellow Limited ( ASX: DYL ) shares hit a high of $1.125.

And uranium micro-cap Devex Resources Ltd ( ASX: DEV ) leapt to 42 cents per share.Last Friday, Boss Energy Ltd ( ASX: BOE ) shares also reached a new 52-week high of $4.48 per share.If we take a 12-month view, these ASX uranium shares have been on a northwards surge since May. Created with Highcharts 10.3.3 Paladin Energy + Deep Yellow + Boss Energy + DevEx Resources Price Oct ’22 Nov ’22 Dec ’22 Jan ’23 Feb ’23 Mar ’23 Apr ’23 May ’23 Jun ’23 Jul ’23 Aug ’23 […]

Click here to view original web page at www.fool.com.au

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.