I just noticed this Finance & Investment board, so I thought I'd share my 2 cents. As usual, I recommend you do your own due diligence before taking a stranger's investment advice!
The spot uranium price has jumped quite a bit in the last 6 months. This is mainly due to lack of supply compared to demand. Producers like Cameco (CCO.TO) have jumped quite a but but there is a wave of smaller producers that should see strong stock performance this year with non-contracted prices to take advantage of. Take a look at some smaller producers like Denison Mines (DML.TO) and enCore Energy (EU.TO) or even smaller with Fission Uranium (FCU.TO), Forsys Metals (FSY.TO) and GoviEx Uranium (GXU.V). Although these stocks have taken quite a jump, they'll continue to go up if the Spot Uranium price continues to increase . Some are saying uranium will go into the 100s of dollars per pound, but even at $150/lb, that would cause a significant increase in stock valuations.
Google "uranium supply issues" and see what's going on for yourself. |