‘We have reached a bottom’: 5 ASX uranium shares leaping higher this week

A miner stands in front oh an excavator at a mine site ASX uranium shares are enjoying a strong run this week.

While that’s par for the course over the past calendar year, uranium stocks came under selling pressure in February and into early March amid a 20% plus fall in uranium prices in just six weeks.

Of course, that retrace came on the back of uranium hitting 16-year highs in February.

While still below those highs, the price was back to US$88.50 per pound yesterday, up from US$83.10 a week earlier. The radioactive metal averaged $66.60 per pound in 2023, according to Bloomberg.As you’d expect, the past week’s price increase has rekindled investor interest in ASX uranium shares.Here’s how these five leading companies have performed since the opening bell on Monday: Paladin Energy Ltd ( ASX: PDN ) shares are up 9.4% Bannerman Energy Ltd ( ASX: BMN ) shares are […]

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