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
$12.56 |
Change
-0.680(5.14%) |
Mkt cap ! $3.748B | |||
| Open | High | Low | Value | Volume |
| $12.52 | $12.71 | $12.09 | $73.41M | 5.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8050 | $12.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.58 | 5545 | 2 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |