The selling is typical of what we see at the end of the month.
These entities that are Uranium traders or brokers, they receive off takes. They have an agreement to purchase a certain amount of material on a month to month basis, and on the month going forward (November) the pricing that they pay for the off take in November will be based on the month end closing price of the spot price of Uranium.
The spot price getting whacked around at the end of the month it is only due to this.
We are pretty much at the bottom or close in this cycle. Enjoy your weekends folks. November is going be big!
BOE chart, page-139
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 (20min delay)
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Last
$3.98 |
Change
0.230(6.13%) |
Mkt cap ! $1.628B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $4.06 | $3.93 | $25.83M | 6.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15334 | $3.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.98 | 87070 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BOE (ASX) Chart |