Uranium Week: Reasons To Be Cheerful

This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

Brokers are increasingly emphasising the global uranium demand/supply imbalance, and getting on board the market.

-SPUT back in buying uranium
-Utilities failing to meet supply requirements
-Production downgrades diminish supply -Morgan Stanley initiates coverage Physical uranium investment funds have made their mark over the past few years, and none more so than the Sprott Physical Uranium Trust.During its first year, SPUT purchased an average of 149,000lbs U3O8 per day, industry consultant TradeTech notes. Since then, shares in the fund have traded at a discount to net asset value more often, and this has restricted its buying activity. Since August 2022, SPUT has purchased an average of 14,900lbs per day.However, share prices entered premium territory for brief periods last week and fund managers were able to capitalise, issuing 1.7m shares and buying 200,00lbs U3O8 in […]

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