Rick Rule says uranium stocks frothy, less attractive than last bull market

Rick Rule says uranium stocks frothy, less attractive than last bull market

Monday was wild for ASX uranium stocks, with 21 ending the day on double digit percentage gains. Uranium investor sentiment is sky high. Every #ASX stock on our list, except one, is making gains in morning trade Monday. — Stockhead (@StockheadAU) September 13, 2021 The ASX uranium frenzy took a slight breather Tuesday, even as spot prices leapt another $US2/lb to +$US44/lb overnight. That’s a nine-year high.

We are rapidly closing in on $US60/lb – the magic number many of the next crop of producers need to be viable.

Legendary investor and Sprott director and shareholder Rick Rule is bullish on uranium.

Uranium stocks? Not so much, especially in the short term.In a September 1 interview – prior to the latest share price explosion – Rule says he timed the market badly.“I got the uranium equity market exactly wrong,” he told BABY Investments .“I had expected the market to be flat. Instead, […]

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