NXG 1.68% $11.14 nexgen energy (canada) ltd

Snippet from AFR article on 6 uranium producers set to profit...

  1. 488 Posts.
    lightbulb Created with Sketch. 194

    Snippet from AFR article on 6 uranium producers set to profit

    NexGen Energy:
    Sam Berridge, a portfolio manager and resources analyst at Perennial Investments, dubs the Canada-based uranium explorer and clean energy play “best of breed”. “Its uranium grade is orders of magnitude higher than any project I know of, so production costs will be right at the bottom end of the curve.”

    NexGen says its Rook 1 tenement in Saskatchewan could be the largest and lowest cost in the world. However, significant risks remain as it’s yet to receive the licences required to mine the mildly radioactive metal in environmentally conscious Canada.

    “They have provincial approval already and the next big catalyst will be federal [government] approval. Once NexGen has that, it will crystallise financing, and it’s targeting production by 2028,” says Berridge.

    Shares in the dual Toronto and Sydney-listed business closed on Wednesday at $12.40 on the ASX at a $CAD5.5 billion ($6.2 billion) valuation. The stock has advanced 90 per cent over the last 12 months.

 
watchlist Created with Sketch. Add NXG (ASX) to my watchlist
(20min delay)
Last
$11.14
Change
-0.190(1.68%)
Mkt cap ! $785.4M
Open High Low Value Volume
$11.22 $11.26 $11.02 $1.571M 141.6K

Buyers (Bids)

No. Vol. Price($)
10 1967 $11.13
 

Sellers (Offers)

Price($) Vol. No.
$11.14 525 7
View Market Depth
Last trade - 13.55pm 05/06/2024 (20 minute delay) ?
Last
$11.13
  Change
-0.190 ( 1.79 %)
Open High Low Volume
$11.25 $11.25 $11.03 9856
Last updated 14.14pm 05/06/2024 ?
NXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.