Why ASX uranium shares are diving double-digits on Monday

Why ASX uranium shares are diving double-digits on Monday

ASX uranium shares have pulled back sharply on Monday following a weak open for the S&P/ASX 200 Index (ASX: XJO). Steep declines for the uranium sector

ASX uranium shares opened to a sea of red on Monday. The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) , is currently down 14.56% to 88 cents.

Energy Resources of Australia Limited (ASX: ERA) is another large uranium player, down 6.19% to 45.5 cents.

Advanced explorers such as Boss Energy Ltd (ASX: BOE) and Deep Yellow Limited (ASX: DYL) are down double digits, sinking 15.94% and 15.69% respectively.At the smaller end of town, explorers such as Peninsula Energy Ltd (ASX: PEN) , Bannerman Energy Ltd (ASX: BMN) and Vimy Resources Ltd (ASX: VMY) are also logging consistent declines, all down around 15% or more. 92 Energy Ltd ( ASX: 92E) is the only ASX uranium share to tip higher, surging 28.3% to […]

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