|Bid||0.00 x 1300|
|Ask||0.00 x 1800|
|Day's Range||18.59 - 19.23|
|52 Week Range||9.01 - 21.95|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 27, 2021 - Aug 02, 2021|
|Forward Dividend & Yield||0.06 (0.31%)|
|Ex-Dividend Date||Nov 27, 2020|
|1y Target Est||10.86|
A group of uranium mining companies saw their stock prices plunge after a performance issue was flagged at a Chinese nuclear power plant. The reaction seems overdone.
SASKATOON, Saskatchewan, June 14, 2021 (GLOBE NEWSWIRE) -- Highlights: James Dobchuk appointed as the President and Chief Commercial Officer of Global Laser Enrichment LLC (GLE)Formerly Executive Director at Cameco Inc. engaged in key US-based strategy, corporate development, project management, government and industry relations activities, very well positioned to support GLE in its next phase of commercializationCurrent Chair of the Nuclear Energy Institute’s Nuclear Fuel Suppliers Committee, a
Shares of uranium miners Energy Fuels (NYSEMKT: UUUU), Cameco (NYSE: CCJ), and NexGen Energy (NYSEMKT: NXE) stocks all dropped in afternoon trading Monday, falling 7.5%, 8.7%, and 9.2%, respectively, through 12:30 p.m. EDT. Since its most recent bottom in late April, the spot price on uranium has run up 12.5% to $30.26 per pound today -- and you'd think that investors in miners Energy Fuels, Cameco, and NexGen would take that as good news, but here's the thing: Today's uranium price is roughly equal to what the atomic power raw material cost 11 months ago, in July 2020. As MiningReview.com points out today, you need to see spot uranium prices around $60 per pound to "incentivize" producers to mine more uranium.