Interestingly enough a fair few Uranium stocks are reaching oversold levels - BOE included in that.
Something is brewing that’s for sure. November will see a rise once COP26 occurs and countries begin the start of the race to reduce emissions by 2050. Uranium will be the key.
This last week in October has been highly manipulative. With lack lustre trading and a tug of war like buy and sell. Just as you think it’s going one way it then goes another.
Globally Yellow Cake just purchased USD150mil of Uranium. That’s weighs 1 million pounds!
Yellow Cake added it believes that the current level of the uranium price offers a compelling buying opportunity. Overall, as the trend for decarbonisation continues globally, uranium demand growth is expected to outpace supply, the company pointed out.
BOE is ready to launch into November!
Ann: Consolidation/Split - BOE, page-25
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $3.02 | $2.87 | $13.06M | 4.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 28470 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 15962 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| BOE (ASX) Chart |