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
$1.05 |
Change
0.035(3.47%) |
Mkt cap ! $1.013B |
Open | High | Low | Value | Volume |
$1.03 | $1.06 | $1.02 | $3.833M | 3.686M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6541 | $1.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.05 | 134847 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6541 | 1.045 |
7 | 91822 | 1.040 |
4 | 112554 | 1.035 |
4 | 75051 | 1.030 |
2 | 38242 | 1.025 |
Price($) | Vol. | No. |
---|---|---|
1.050 | 133547 | 7 |
1.055 | 42000 | 3 |
1.060 | 172100 | 9 |
1.065 | 78242 | 4 |
1.070 | 135567 | 4 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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