Sprott's investment in uranium is paying off and it's just the start

Sprott’s investment in uranium is paying off and it’s just the start

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Sprott Inc’s foray into the uranium market appears to be paying off as prices have recently climbed to new decade highs with an increase in trading activity.

According to some analysts, the Sprott Physical Uranium Trust (NYSE: U.U), which began trading July 19, is a critical factor behind the recent push in the energy metal’s price. The Trust gives investors direct access to physical metal.

According to TradeTech, which tracks uranium, the price is currently trading around $33.80 per pound. In 2008 the metal was trading around $136 a pound.

In an interview with Kitco News, when the Trust first launched, Peter Grosskopf, CEO of Sprott Inc., said he saw this as a game-changer for the Uranium […]

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.

Posting Guidelines
Do
  • 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!

Comments

No comments yet