The Big Reason Uranium Stocks Soared Today

The Big Reason Uranium Stocks Soared Today

Uranium stocks were on fire today. While Uranium Energy ( NYSEMKT:UEC ) and Denison Mines and Energy Fuels ( NYSEMKT:UUUU ) were up 5.2% and 6.5%, respectively, by that time. Thank a potentially game-changing new uranium exchange traded fund (ETF) that began trading on Canada’s Toronto Stock Exchange. So what

The Sprott Physical Uranium Trust fund, which was formed by Sprott Asset Management after it took over uranium asset investment manager Uranium Participation, started trading on the Toronto Stock Exchange on July 19.

Here’s why it’s such a big deal: The Sprott Physical Uranium Trust is the world’s largest uranium fund that invests in physical uranium. The entry of such a large, actively managed fund could prove to be a game changer for the uranium market as the fund will provide investors looking for exposure to uranium with an easy, liquid option to park their money into. That should spur […]

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 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