Uranium prices will stay around this level for a while regardless of any Cameco announcement.
Demand will put pressure on supply with a number of reactors coming online. The price is actually still relatively cheap once it's inflation adjusted vs. early 2000s rally.
Countries are ramping up their power grids now in anticipation of EVs/automation etc. in 10 years time.
SUM will not be in production within 12 - 24 months most likely so any current ease in price is immaterial.
Uranium potential, page-20
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Last
23.0¢ |
Change
-0.020(8.00%) |
Mkt cap ! $14.31M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $447.7K | 1.941M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 306299 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 25000 | 3 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| SUM (ASX) Chart |