DYL bounced +13.5% on Thursday, taking it up ~30% from its weekly low. It’s undoubtedly the high Beta play of the leading ASX uranium stocks. This relatively new $1.1bn member of the ASX200 has entered advanced-stage uranium exploration at its core Namibian projects.
- We view DYL as a higher beta way to play Uranium, which is already a very high beta sector, and our preference for PDN remains.