Normal chop. Low volume - there don't seem to be sellers here. We wait.
The positive catalyst I'm looking out for (for the uranium market as a whole, rather than anything company specific) is nuclear power being included in an expanded EU Green Finance Taxonomy. In essence, it means that nuclear can be labelled as 'sustainable investment', which would increase inflows into the sector big time.
This is looking increasingly likely - the EU Commissioner Ursula von der Leyen came out in support the other day.
There could be announcements and catalysts during COP26, which goes for a couple of weeks starting this Sunday.
On Friday night, SPUT didn't buy spot uranium but someone else pushed the spot price up to $48. They've also still got that $50m buffer to wipe up anything a random seller drops onto the market, hopefully preventing the sort of price action seen in late September, and are trading at a premium and are therefore able to issue new units tonight.
The uranium spot price typically performs well between October and December (chart below), and there's little to suggest we won't keep creeping upwards.
So put the trolls on ignore (unless they have valid criticism, of course) and enjoy the uranium ride.
DYOR & GLTAH
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3.1¢ |
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Mkt cap ! $5.728M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.8¢ | $19.93K | 662.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 428245 | 3.1¢ |
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Price($) | Vol. | No. |
---|---|---|
3.2¢ | 30000 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 428245 | 0.031 |
2 | 337977 | 0.030 |
1 | 206896 | 0.029 |
4 | 330602 | 0.028 |
8 | 1348518 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 30000 | 1 |
0.033 | 8000 | 1 |
0.034 | 232241 | 2 |
0.035 | 301753 | 5 |
0.036 | 17138 | 2 |
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