Why Uranium Stocks Have Been Sinking

Why Uranium Stocks Have Been Sinking

In late September, we took a look at five uranium-mining stocks just as shares were peaking. About a month later, the stocks peaked again, before sinking by around a third as of Tuesday’s close.

Uranium prices dipped from around $50 a pound in mid-September to around $38 a pound by early October. Uranium traded at around $46.50 Thursday morning, but the recovery in the commodity price has not trickled down to the miners.

Since our last look at uranium miners, the Sprott Physical Uranium Trust (SRUUF) has increased its holdings of the metal from 28 million pounds to more than 41 million pounds. Since its initial public offering in late July, this over-the-counter-traded fund has added about 22% to its share price.

If the price of uranium is rising and there appears to be one principal buyer, the market may no longer be driving the price.Here’s a look at how the five […]

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