I agree with your analysis Zog, but I think the reason SLX is fluctuating with the uranium price is due to its inclusion in a number of nuclear-related ETFs. I've read elsewhere that ETFs account for around 50% of the US market. So they dominate the trading and when the uranium price goes down, or investors just want to sell out of nuclear-related stocks, it drags the SLX price with it. As scaggs notes, we need significant news for value investors to buy SLX exclusively and re-rate the stock. ETF trading may then amplify on the upside as they rebalance their holdings.
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Last
$4.56 |
Change
0.170(3.87%) |
Mkt cap ! $1.081B |
Open | High | Low | Value | Volume |
$4.41 | $4.65 | $4.34 | $2.699M | 594.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 758 | $4.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.58 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 4.550 |
3 | 3457 | 4.530 |
2 | 2357 | 4.520 |
4 | 3807 | 4.510 |
16 | 9906 | 4.500 |
Price($) | Vol. | No. |
---|---|---|
4.580 | 100 | 1 |
4.590 | 307 | 1 |
4.600 | 307 | 1 |
4.610 | 307 | 1 |
4.620 | 307 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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