The Uranium explorer Canalaska recently broke out of a downtrend and has completed a backtest. This was also recently added to 
URA, the world's largest Uranium ETF. With rising Uranium prices expected to continue for the next few years, this one should do very well, especially if they find a mineable deposit.
I am holding for the long term (1 year minimum), a target cannot be determined at this point.
Cameco had their Q4 earnings call yesterday and the market reacted very poorly and undeservedly so. Nothing has changed about the uranium bull thesis, and so this is a tremendous buying opportunity imo.
Cheers!
URA, the world's largest Uranium ETF. With rising Uranium prices expected to continue for the next few years, this one should do very well, especially if they find a mineable deposit.I am holding for the long term (1 year minimum), a target cannot be determined at this point.
Cameco had their Q4 earnings call yesterday and the market reacted very poorly and undeservedly so. Nothing has changed about the uranium bull thesis, and so this is a tremendous buying opportunity imo.
Cheers!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.