Good morning all,
With the recent pull-back in EL8 SP due to the conversion of options, I thought it might be the right time to highlight that EL8 is again the best value uranium company listed on the ASX on an EV / attributable resource basis. Please see below:
ASX Uranium stocks EV/Attributable resource (A$m/Mlb) (Prices as at 01/07/21)
Source: Compiled by the author
NOTE:
- AEE's London stock price (converted to AUD) has been utilised for comparison purposes.
- Recent changes in share structure to PEN, TOE & EL8 have been included in the updated analysis.
In addition to the above, there are many reasons to have a bullish view on EL8 at current levels:
Results from the EM survey in the Namib area expected "this month".
Drilling to commence at identified Namib targets in September. EL8 is likely to engage the drill rig through to the end of the year (bullish).
Upcoming URNM ETF rebalancing expected to result in significant purchasing of EL8 stock as EL8 is included in the fund.
The rapidly approaching uranium demand/supply imbalance combined with expected Sprott Physical Uranium Trust buying physical uranium is expected to provide strong tailwinds for the wider uranium sector.
The above dynamics provide a compelling investment case for EL8 at current levels, and it is hard not to perceive the current pull-back in the share price as a massive buying opportunity.The above analysis andin-production valuations are not intended as financial advice
Analysis is based onvarious assumptions and opinions
You are encouraged to doyour own research (DYOR) on the company and their
strategy/progress and make your ownfinancial decisions
Good morning all,With the recent pull-back in EL8 SP due to the...
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $92.04M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 29.0¢ | $107.1K | 368.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3610 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 134874 | 9 |
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| Last trade - 10.30am 18/11/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |