There are many factors that favor the uranium industry in the current market environment. The Sprott fund is buying substantial amounts of uranium, so it is clear that nuclear power is considered a viable option.
Nuclear power’s potential for using uranium as fuel has long been touted. Hence, our choice of uranium stock is exciting under the present market conditions. Think about investing in them.
The demand for uranium has risen drastically since energy prices skyrocketed in the last few months. After a global summit on climate change, many countries have begun to look at uranium, an alternative to typical fuel sources. Based on current conditions, we can predict 2022 to be the best year for uranium stocks.
The following are the top uranium stock picks for this year.
The Uranium Royalty Corp. (NASDAQ: UROY) went up by 6.71% in Friday’s trading session, a fall equivalent to $0.2 from the previous market close price. The lowest point that the shares touched during the trading session were $2.95, while the peak of the day was recorded at a share price of $3.21. UROY finished the previous session at $2.98 according to the data provided by Barchart, while the trading volume was observed to be 0.44 million.
Uranium Royalty Corp. (UROY) stock currently has a Financial Strength score of 7/10. This is due to a combination of factors, including a Cash to Debt ratio of 9.88, and Equity to Asset ratio of 0.95, a Debt to Equity ratio of 0.05, and a Debt to EBITDA of -1.53. The Piotroski F-Score is 2, its Altman Z-Score is 0 and its Beneish M-Score is 0.
With over 88874.0 Lightbridge Corporation (LTBR) shares trading Friday and a closing price of $5.68 on the day, the dollar volume was approximately 88874.0. The shares have shown a positive weekly performance of 6.57% and its price on 02/04/22 gained nearly 2.90%. Currently, there are 7.63M common shares owned by the public and among those 7.45M shares have been available to trade.
Lightbridge Corporation (NASDAQ: LTBR) share prices have increased by 6.57% over the past week, but are down -47.01% in the last quarter. Going further back, the stock’s price has tanked -9.27% over the last 6 months but is down -14.26% in year-to-date trading.
The shares of Energy Fuels Inc. (UUUU) gained by 3.57% during the trading session on Friday, reaching a low of $6.12 while ending the day at $6.52. During the trading session, a total of 2.7 million shares were traded which represents a 16.69% incline from the average session volume which is 3.24 million shares. UUUU had ended its last session trading at $6.38.
UUUU stock gained 10.00% during the last week and fell -25.73% over the last one-month period. Shares of this company’s stock fell -37.20% throughout the last quarter. Within the last six months, the stock has increased 21.06%, with a full-year gain of 31.01%. At the time of writing, this stock’s year-to-date (YTD) price performance is now negative at -16.38%.
