Update on Uranium and CCJ

Natural uranium contains approximately 0.7% uranium-235, the isotope necessary for nuclear weapons, and 99.3% uranium-238. Converting natural uranium into the form required for the weapons involves enriching the element in centrifuges to increase the concentration of uranium-235.

Uranium yellowcake is first turned into a gas called uranium hexafluoride, pumped into centrifuges that spin so rapidly that the ever-so-slightly heavier gas containing uranium-238 is forced to the outside. The lighter gas containing uranium-235 remains in the middle.

In a September 13, 2022, article on Barchart , I highlighted Cameco Corporation ( CCJ ), a leading and established Canadian uranium producer. The article spelled out the supply and demand fundamentals of the global uranium market. CCJ was at the $29.85 per share level on September 13. While the stock has corrected to around $25 per share, the potential for a rally remains high in early 2023.

Geopolitics continue to support uranium demand and […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
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