I think investors are randomly buying anything related into Uranium as the entire sector is going up. Now add the reddit/WSB crowd that will buy the "stock with the potential for the most upside" so they go tend to buy explorers and penny stocks.
So those 2-10c stocks increase in market cap as producers or outpace them.
That's fine if you are a trader, some people will be left bagholding though. I think the difference is in the 12-24month period, producers and quality companies will have less issues and get started whereas bad management/companies/explorers will stagnate and then perform cap raises to continue running.
So it depends, what is your risk apetite and do you plan to stay for the uranium bull run? I like LOT and PDN for this reason (PDN more so as they've had a proven decade track record) and sold this smaller mine to LOT. Nothing wrong with those other companies, they may even outperform my picks, who knows what might happen.
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Last
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $613.4M |
Open | High | Low | Value | Volume |
33.5¢ | 33.5¢ | 32.5¢ | $509.4K | 1.534M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 697781 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 254563 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 768350 | 0.325 |
24 | 631949 | 0.320 |
14 | 292676 | 0.315 |
15 | 594475 | 0.310 |
9 | 325018 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 166642 | 12 |
0.335 | 747342 | 21 |
0.340 | 358314 | 13 |
0.345 | 166791 | 8 |
0.350 | 191767 | 8 |
Last trade - 11.38am 26/06/2024 (20 minute delay) ? |
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