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 investment bank Liberum Capital Inc after carrying out one of the largest placings of shares on the AIM segment of the London Stock Exchange this year, raising £103 million.
Liberum’s analysts said the bank has 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”.
Analysts expect the company’s share price to increase due to increasing recognition “of the importance of nuclear as a low-carbon, baseload energy source”.Uranium prices have risen by almost 40% since the start of the year and Liberum analyst Ben Davis forecasts they will […]
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