UUUU - Energy Fuels: Looking Past Uranium's Hype
- The uranium market has seen increased investor interest on Internet forums, and Sprott increases demand via physical uranium trust.
- Despite the hype and rise in uranium's value, there is little concrete information to suggest that uranium is in an ongoing shortage following Cameco's mine reopening.
- In the long run, it is still likely that uranium will be in a shortage, but the recent crash in coal may portend a sell-off in uranium.
- While Energy Fuels is the premier uranium producer in the U.S., it has minimal active operations compared to its valuation.
- Investors may want to avoid or take profits on Energy Fuels due to the firm's high overvaluation and correction potential.
For further details see:
Energy Fuels: Looking Past Uranium's Hype