This story features NEXGEN ENERGY LIMITED. For more info SHARE ANALYSIS: NXG
NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday.
By Rudi Filapek-Vandyck
Uranium is experiencing its second Grand Bull Market in thirty years, with the first one sizzling out post 2007.To fully appreciate the ups and downs, and the gains enjoyed thus far into this second awakening, we’ve included an historical price chart from industry consultant TradeTech. FNArena’s weekly price graphic near the bottom of this story only shows a limited flash-back. Last week, TradeTech’s weekly U3O8 spot price started off on firm footing as traders got excited about the US Senate -finally- passing the Prohibiting Russian Uranium Imports Act (H.R. 1042) , which is aimed at barring uranium imports from Russia.The bill was officially sent to the White House on May 9 and President Joe Biden is expected to […]
Click here to view original web page at fnarena.com
Posting Guidelines
- 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 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