Hi, anyone got any thoughts, or analysis on the relation to the spot price of Uranium and the share price of PDN ? Since the big jump from $22.50 to $35 back in April 2020, Uranium had dropped back to $27.50 right? so a 20% drop in spot, but PDN has gone from 0.14 to 0.44 in the same time. a 200% increase. I mean ofcourse i am very happy with the rise, but is the dropping spot price a concern? I understand they have possible locked in long term contracts at a price in the low $30's, but don't we need the spot price to get into the $40's. And and information on why it has been dropping? Cheers
worth keeping an eye on as well.., page-63
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Last
$11.83 |
Change
0.000(0.00%) |
Mkt cap ! $3.538B | |||
| Open | High | Low | Value | Volume |
| $11.92 | $12.07 | $11.64 | $26.20M | 2.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $11.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.83 | 2368 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |