Why ASX uranium shares are bouncing back on Friday

Why ASX uranium shares are bouncing back on Friday

ASX uranium shares are again finding a footing on Friday after rallying to multi-year highs in mid-September . The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) , opened 5.63% higher to 75 cents before its gains faded to a rise of 1.69%, or 72 cents. Emerging producer Boss Energy Ltd (ASX: BOE) is catching bids today. It was up 4.26% to 24.5 cents in early trade before slipping back slightly to 24 cents.

Explorers including Peninsula Energy Ltd (ASX: PEN) , Lotus Resources Ltd (ASX: LOT) and Vimy Resources Ltd (ASX: VMY) are also trading higher, up 4.76%, 2%, and 7.5% respectively.

Advanced uranium explorer Deep Yellow Limited (ASX: DYL) fell slightly before bouncing back to 93 cents, up 2.2%. However, recently listed 92 Energy Ltd (ASX: 92E) is down 2.13% to 69 cents. Upbeat news for ASX uranium shares overnight

The Global X Uranium exchange-traded fund (ETF) rallied […]

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