Uranium companies top NSX performers

Uranium companies top NSX performers

Photo: Contributed URANIUM exploring and mining companies were the best performing companies on the Namibian bourse last year and leading the pack was Paladin Energy, which saw its share price up 260%.

On the back of this spike was the possible return of uranium spot prices, which edged up to US$43 per pound on long-term contracts.

Local active uranium mines such as Langer Heinrich, Orano’s Trekkopje mine, Etango mine and Valencia mine are still under care and maintenance, waiting for spot prices to reach at least US$55 per pound because that is the level at which these mines, which have a lower grade ore, can operate profitably.

Paladin Energy owns the Langer Heinrich mine, and its shares closed the year at N$10,16 after starting off in 2021 at just N$2,82.Over January, the average has been just above N$8 per share.Other uranium companies that delivered solid returns in 2021 include Elevate Uranium […]

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