Ed Sterck: Spare Cash? Park It in Uranium

Citizens Economists(Editorial) reports on the recent price surge in the uranium sector.

The editorial is quoted as saying:

Ed Sterck: Well, it’s certainly picked up. When you look back 12 months, the uranium market was pretty uninteresting for the average institutional investor. Prices had remained fairly flat until about six months ago. Since then, obviously, the spot price of uranium has picked up markedly and with that, we have seen a return of investor appetites for uranium plays. I think that’s slightly precipitated by people’s recollection of the price spike of 2006–2007, and the response that company share prices demonstrated with the price spike. I think it would be fair to say a number of the investors looking at uranium again are hoping something similar will unfold.

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