Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Good morning guys, This week (including today) we witnessed a wild price action on the uranium miners, could you please explain the reason/a behind? I looked for news or articles but couldn't find any. Thanks a lot in advance and have a great weekend
Hi Dario,
On Thursday night Cameco (CCJ US) the world’s largest publicly listed uranium producer advanced +4.4%, taking it within striking distance of its all-time high and providing bullish sentiment to local names on Friday but this was a small contributor. Earlier in the week a couple of other positives helped push the local uranium space higher:
We like the ASX uranium miners believing they have started to enjoy some bullish performance reversion which could become meaningful courtesy of their large short positions.
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