PDN +22%: Uranium stocks roared today, Paladin (PDN) up ~20% as the Uranium price starts to move higher. Spot uranium is at US$37/lb, its highest level since early 2016. This is on the back of the SPUT (Sprott Physical Uranium Trust) at the market facility commencing purchases of uranium. Since the facility was activated several weeks ago, spot uranium is up ~25%. https://sprott.com/investment-strategies/physical-commodity-funds/uranium/#. NB Uranium does not trade on an open market like other commodities. Buyers and sellers negotiate contracts privately. Prices are published by independent market consultants UxC and TradeTech.
MM remains long & bullish PDN
Add To Hit List
