It was out with one, Boss Energy (BOE) and in with another, NexGen (NXG) for the uranium sector in December. NXG is still in exploration and development stage, affording investors with greater leverage to growing global uranium demand, an energy thematic MM remains bullish towards. This month the company expanded the high-grade uranium footprint by ~23% at its Canadian Patterson Corridor discovery, sending the stock sharply higher. In our opinion, this news highlights the growth potential across its Athabasca land package.
- We can see NXG consolidating recent strong gains, but the bullish trend could well be in its infancy.
MM remains long and bullish towards NXG
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