Yep, noted that in my first post and agreed with SunAus that it seems an overreaction but as others mentioned these stocks are overvalued due to the small amount of producers or near producers tied to a rising spot and contract price. CCJ trades on crazy multiples, you'd think its a tech stock.
I am light years away from knowing much about the uranium sector but it seems at current prices these mines are economic but ain't money machines.
Need spot and contracted pricing to increase much higher. Going to be a fasinating 6 months, then 5 years then 20 years.
Yep, noted that in my first post and agreed with SunAus that it...
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Last
$11.55 |
Change
-0.285(2.41%) |
Mkt cap ! $3.472B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $11.89 | $11.49 | $22.83M | 1.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 7104 | $11.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.55 | 1119 | 8 |
View Market Depth
| Last trade - 15.10pm 04/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |