Have we been “squeezed” into a new uranium bull market? A series of market related, and now COVID-19 shutdowns appear to have finally “squeezed” the spot market dry. With the spot price up 31% YTD and exceeding the long-term price, we believe the fundamentals are now in place for a new bull market in uranium. Fortunately, for investors it is still early days and uranium stock valuations remain attractive, even after the rally from March lows.
Peninsula Energy Ltd. (ASX:PEN, OTCQB:PENMF) – Lance – Spearheading Emergence of New US Uranium Production
We initiate Peninsula Energy coverage with a BUY rating and A$0.25 target price. PEN has near-term uranium production potential at it’s Lance...