Uranium’s Prospects Turn Increasingly Bullish (URA)

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October 9, 2017 10:50am NYSE:URA


In this interview, Collin Kettell talks to GoviEX Uranium Daniel Major about the state of the uranium energy space, and comes away with a bullish outlook for the future, despite major ongoing headwinds.

Daniel says the uranium market took a beating due to a new W.N.A report. The takeaway from that report is that they are showing a deficit for the energy source around 2025. Meanwhile, Daniel sees a 10 to 15 million pound deficit around 2020.

The market is getting very tight and could quickly enter into deficit, he says. Price is unlikely to break to the downside, and increasingly likely to head up. He also notes that a whopping 75% of the industry is not making money against their cash costs right now, and there is not much left to cut.

The Global X Uranium ETF (URA) was trading at $12.81 per share on Monday morning, down $0.09 (-0.70%). Year-to-date, URA has declined -0.47%, versus a 14.77% rise in the benchmark S&P 500 index during the same period.

URA currently has an ETF Daily News SMART Grade of D (Sell), and is ranked #87 of 130 ETFs in the Commodity ETFs category.

This article is brought to you courtesy of Palisade Research.

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