Top 10 ASX Uranium Stocks to Watch in 2021

Top 10 ASX Uranium Stocks to Watch in 2021

Uranium prices hit 5-year high in September

Uranium prices have run wild in the last month, with the commodity trading 36.3% higher in that period, last hovering around the $44.90 mark. That marks a five year high for the often overlooked commodity, which traded below the $20 mark in 2016.

This has corresponded to significant buying activity in global and in particular, ASX-listed uranium stocks, with the likes of Paladin Energy gaining 112% in the last month alone.

What’s the catalyst behind this latest surge? According to IG’s Senior Market Analyst, Joshua Mahony:‘This largely illiquid market has been influenced heavily by the Sprott Physical Uranium Trust, which is providing major demand into a market that takes little to move price. The sheer size of Sprott’s other precious metal trusts highlights the potential impact it could have upon uranium prices.’Looking ahead, Mr Mahony pointed out that that:‘In total the Sprott trusts total […]

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