I think the weakness yesterday was mostly in the announcement based on the percentage down move and the fact the other Uranium stocks were only modestly weaker. I noticed that my AEE's were actually up.
That said, I think this is one of the first strategic moves by JB in terms of future direction. I see them setting this up to take full advantage of price action in the U space. Whether this includes a North American listing only time will tell; however, it wouldn't be surprising.
Sprott have their roots deep over there, so they will be pushing this story with the locals as a way of taking advantage of a rising U price (when it eventually happens).
Technically speaking DYL is on the nose; however, if you believe in the macro fundamentals of U and you want to somehow be involved in that then DYL may be a place to start (IMO). There seems to be allot of goods things happening at DYL and although I dreamed of my share consolidation happen via market forces, this shouldn't throw a spanner in the works. That said, the current down market may present a buying opportunity for those wanting to get on board.
Time will tell folks!
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Last
$1.26 |
Change
-0.040(3.09%) |
Mkt cap ! $1.216B |
Open | High | Low | Value | Volume |
$1.26 | $1.28 | $1.25 | $4.173M | 3.310M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 110047 | $1.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.26 | 25378 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13000 | 1.250 |
5 | 20939 | 1.245 |
3 | 58723 | 1.240 |
3 | 23820 | 1.235 |
5 | 67723 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
1.265 | 5723 | 1 |
1.270 | 5723 | 1 |
1.275 | 5723 | 1 |
1.280 | 44583 | 2 |
1.285 | 5723 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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