Uranium Royalty: Cash Burn Continues, But Valuation Coming Around

JacobH Note: All amounts discussed are in Canadian Dollars, unless specified otherwise

Dodging stocks that completely collapse is becoming harder and harder for investors. While the indices have held up, many smaller companies have got annihilated. Fortunately, many stocks do present glaring red flags that we have been able to use to stay away. Uranium Royalty Corp. (NASDAQ: UROY ) (TSXV: URC:CA ) was certainly one of them. Almost exactly a year ago, we told people to ditch the euphoria of the Uranium run and head for the exits like The Road Runner . Keep in mind that in the two years leading up to that article UROY had delivered 500% returns. Data by YCharts But an insane valuation made us believe that this was yet another bubble of epic proportions. Since then UROY has wiped off a few smiles and the stock is now down 56% over the […]

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