RBC Says Social Media Activity Is Boosting Uranium Prices

RBC Says Social Media Activity Is Boosting Uranium Prices

Growing social media attention on uranium is surely playing a role in the latest surge in its equity valuations. According to the study “Uranium Outlook” by RBC Elements, the 230% increase in monthly mentions since December 2020 concurs with the recent valuation run-up. Is this something investors should keep track of if they are interested in dabbling into the radioactive metal’s sector? This certainly is a trillion-dollar question. Social Media Activity Bolsters Uranium Valuations

RBC Elements has been tracking the activity of uranium equities on social media over the last 10 years, and it has come to some pretty interesting conclusions.

“As uranium market fundamentals have improved only modestly in the past 6 months compared to the sharp rise in equity values, we believe increased social media attention may be contributing to higher valuations,” according to the report

RBC analysts agree that continuing social media activity could keep uranium valuations high […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
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