What are the top-performing Uranium ETFs in April?

What are the top-performing Uranium ETFs in April?

The uranium investment theme topped our leaderboard on 4 April, as it was reported uranium prices are on the rise. According to The Motley Fool, the price of U308 (triuranium octoxide, also known as “yellowcake”) "last week surged past $30 per pound for the first time this year, approaching its highs of last year". Morgan Stanley analysts predict it could hit $50 per pound by 2024.

As an investment theme, uranium has gained circa 6.65% in the past month and circa 107% over the past year (as of 9 April’s close). A resurgence in nuclear energy production, which had fallen after the 2011 Fukushima disaster, has powered this demand as more countries use the power source in their energy mix.

Emerging markets have been the biggest growth sector for nuclear, led by China, which aims to be carbon neutral by 2060 — an ambition that could double global uranium […]

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 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!


No comments yet