A recent rally in the underlying Uranium price has seen the spot price rally from $80 to a fresh 16-year of $104. The ease in which the spot price has broken through the key $100 mark leads us to believe that Uranium explorers like Alligator (AGE) will start to play catch up with the more mature Uranium miners like PDN and BOE
Equities closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
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“Uranium producers remain in the spotlight, as stock values surge with increasing global demand, marking a significant uptrend in the energy sector.
A recent rally in the underlying Uranium price. The we have hit the recent highs for Paladin and recommend taking our position off as it has hit profit target.
Equities as investors digested data showing that U.S. consumer price inflation came in above economists’ expectations in December.
ASX sees robust gains led by SILEX and SOUTH32, with tech and mining sectors driving the surge amid positive global market sentiments and local growth.
Equities were firm overnight, built on the strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the week.
With our Paladin holding a solid 20% in the money, we are recommending a 40% trim to the company specific play and switch to the broader and safer URNM ETF holding to remain involved in the Uranium/Nuclear power thematic.
ASX weaker as miners and lithium stocks fall. Uranium stocks rally as USA shores up supply.
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Equities closed lower on Tuesday, pressured a rise in Treasury yields as investors assess the timing and size of any Federal Reserve interest rate cuts in 2024 ahead of inflation data this week.
