Uranium Week: Big Gains For Uranium Equities

Uranium Week: Big Gains For Uranium Equities

As the uranium spot price rose 3.8% for the week, share prices of current and prospective uranium producers rose solidly

-Uranium equities outperform most indices
-Cameco and Kazatomprom production reports
-Uranium spot price rise by 3.8% for the week

Share prices of current and prospective uranium producers rose solidly last week. A contributing factor was the announcement by Sprott Asset Management and physical uranium investment vehicle Uranium Participation Corporation (UPC) of an agreement to modernise the UPC business structure and pursue a US listing. For further detail refer to last week’s article: https://www.fnarena.com/index.php/2021/05/04/uranium-week-new-uranium-investment-vehicle/ Investment managers Shaw and Partners believe the importance of this announcement cannot be overstated. A US listing of UPC under Sprott may provide the investment vehicle with access to more capital and be linked to additional purchases of uranium in the spot market.Those additional purchases may put pressure on spot prices and cause an increase in […]

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