The Conversation (0)
Forbes.blog(Editorial) reports on investors betting on long term gains in the uranium sector.
Forbes.blog(Editorial) reports on investors betting on long term gains in the uranium sector.
The editorial is quoted as saying:
Investors re-visited their bullishness for the uranium miners on Monday after a week of falling stocks and tanking spot prices for physical yellow cake, which plunged more than 20% to $53 per pound, according to Trade Tech’s spot price index. Through Monday’s session, uranium stocks including Cameco, Uranerz, and Denison Mines were on a tear, staging massive recoveries and helping to propel the Global X Uranium ETF (URA), which gained 8% on the day.
