Camenco are shutting down one of their largest mines and cutting their dividend.
Their reason is that the long term contracts with pre-Fukushima uranium prices are going to run out soon, and then they will be much less profitable. Plus they already have large stockpiles of uranium.
Its a bit of swings and roundabouts for us. A significant reduction in uranium production like this is good for the uranium price, and therefor for uranium miners. That has fueled investment in the GlobalX ETF, and increased the SLX share price. However Camenco having less money to play around with is bad for GLE. However reducing their dividends should mean they have more money to play with, which is good for GLE.
Camenco are shutting down one of their largest mines and cutting...
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Last
$5.82 |
Change
0.390(7.18%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $5.49 | $5.90 | $5.49 | $7.460M | 1.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 380 | $5.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.83 | 22627 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.80 |
Change
0.390 ( 7.31 %) |
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| Open | High | Low | Volume | ||
| $5.59 | $5.90 | $5.53 | 147581 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SLX (ASX) Chart |