URPTF - Uranium Participation NAV Discount High Despite Bullish Outlook For Commodity

In May, I outlined the basic logic of Uranium Participation Corporation's (URPTF) NAV discount making for a compelling investment setup over time. The stock has since fallen back despite continued robust uranium pricing and some buyback activity from the company as promised. The company trades at a 20% discount to NAV at the time of writing. For context, at time of extreme market stress at the end of March, the NAV discount was 23%. This level of price dislocation, though common in late Q1 2020, occurs rarely in the context of the company's NAV

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