In the last few days, there are quite a few articles saying the Uranium stocks are ahead of the Uranium price. Say, DML.TO rised to $1.9 from $1.0. 90% increased. CCO.TO rised from $17 to $28. 64% increased. The ETF URA rised from $13.8 to $19. 38% increasd. Many explorers flied as well. Of course, there is a correction. The weakest is PDN.
CCO.TO was downgraded by BMO capital yesterday saying the SP went ahead of Uranium.
Today, the spot price drops to $34.45 (30 cents drop). The drops are wide spread to all future prices as well. See:
http://data.tradingcharts.com/futures/quotes/UX.html
Again, I think the Russian are dumping Uranium.
Honestly, I hope the SP drops to 45 cents. Then I can buy more. I don't think it will drop below that.
reasons of the drops
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Last
$7.69 |
Change
0.400(5.49%) |
Mkt cap ! $2.339B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.84 | $7.52 | $27.99M | 3.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 6280 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 15066 | 52 |
View Market Depth
| Last trade - 15.14pm 18/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |