Resources Top 5: Uranium price jumps, stocks follow

Resources Top 5: Uranium price jumps, stocks follow


Uranium stock surge as spot prices arrest recent slide

Recent IPO Cannon hits thick nickel sulphides at ‘Fisher East

PVW picks up rocks containing up to 12.45% total rare earths (TREO) Here are the biggest small cap resources winners in early trade, Wednesday October 13. ALL THE URANIUM STOCKS The uranium spot price has arrested a recent slide, jumping +$US3 to above $US40/lb overnight after Sprott stacked another 400,000lb. And as the power crisis continues to wreak havoc in Europe, France – which gets ~70% of its electricity from nuclear — has announced plans to develop and export SMR’s (small modular reactors) to its energy-starved neighbours. This assortment of good news sparked big ETF buying overseas, with big money also pouring into individual US and Canadian uranium stocks. Today Global X #Uranium (70%) & #Nuclear (30%) ETF $URA had both its highest single day Upside […]

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