Yellow Cake one to watch as analysts forecast uranium prices to keep rising

Seemingly out of nowhere, Yellow Cake PLC (AIM:YCA) is now firmly on the radar of analysts who are watching closely to see how the uranium investment company will continue to benefit from surging prices.

The uranium investor has grabbed the attention of analysts at investment banks including Bank of America and Liberum Capital after carrying out one of the largest placings of shares on the AIM segment of the London Stock Exchange this year, raising £103 million. Simple strategy

Liberum initiated coverage of Yellow Cake in its mining team, stating that its proposition of holding and storing uranium is the “simplest, cleanest exposure in the UK market to the upside in uranium”.

Over at BofA, the analysts reminded clients that Yellow Cake "is something of an unusual vehicle"."It is a listed company that gives investors exposure to uranium price movements. It doesn’t mine or process uranium. Instead, it raises equity to […]

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