Uranium company DYL is a new stock in the ASX200 after the sector’s strong rally over the last few years, i.e. DYL now has a market cap of $1.4bn. The company humbly describes itself as “Deep Yellow is the best-positioned uranium mid-cap company globally”, but it certainly is in the right place at the right time. While Australian politicians continue to bicker over whether nuclear energy is viable, the United States is taking steps to secure the energy source outside of Russia as it believes it’s a required energy option to achieve global emission goals.
- We like DYL into its current pullback but prefer Paladin (PDN), which we hold in our Active Growth and Emerging Companies Portfolios.
MM is bullish DYL into weakness under $1.50
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