Thanks to continued positive movements, the spot price chart is starting to show a very encouraging trend! In fact, it´s up 42% since December, 2016. There was a big spike when Kazatomprom made its production cut announcement but as you can see from the c
Recently, a single announcement from Kazatomprom, the Kazakh state-owned uranium mining company, sent the spot price up more than $2 in a single day and created substantial positive momentum for most uranium stocks, including Fisison.
Just about every month we get positive news coming out of China regarding their nuclear sector - completed reactors coming online, new construction beginning. In the same way that we´ve become used to the world´s second-largest economy powering ahead with
Cameco is under $12 from a year high of over $19. If the uranium industry's most important producer and overall industry leader has been beaten down that far, it's not surprising that juniors are struggling.