The use of uranium as a fossil fuel substitute has sparked a surge of interest. Many uranium companies’ stock prices have risen by double digits in the past year. The Reddit community advises going on a buying frenzy, predicting that uranium would be utilized with renewables to decarbonize the world. By 2026, worldwide uranium demand is expected to increase from 180 million pounds to 200 million pounds. Cameco Corporation, NexGen Energy Ltd., Denison Mines Corp., and BHP Group are among the best uranium stocks to buy right now.
Here is Insider Monkey’s list of the 13 uranium stocks popular on Reddit. Paladin Energy Limited was founded in 1993 and has a market capitalization of $1.5 billion. In Australia, Canada, and parts of Africa, it owns uranium mines. Redditors have been flocking to the company to profit from the uranium price increase. Yellow Cake Plc, a uranium specialist, is listed on the London Stock Exchange. The corporation is involved in the acquisition and storage of uranium oxide concentrates. It was launched in 2018 and has a market capitalization of $790 million. Redditors have flocked to the stock in the expectation of making rapid money. Last year, the JSC National Atomic Company Kazatomprom supplied roughly 23% of global uranium production. Investors can exchange shares in radioactive material through the Anu Energy OEIC. Uranium Royalty Corp. is a publicly-traded company situated in Canada with a market capitalization of $332 million. The company owns and administers uranium assets all around the world. It reported that it has reached an agreement with CGN Global Uranium to purchase a large quantity of uranium. Nuclear fuel technology is developed by Lightbridge Corporation. On Reddit, the stock recently soared to a 52-week high of $14.60, piqued the curiosity of individual investors. The company’s PWR is a metallic nuclear fuel assembly for pressurized water reactors of the Western type. Ur-Energy Inc. is a uranium mining exploration and development company. The stock has risen by more than 122 percent in the last year. Jake Sekelsky of Alliance Global Partners has confirmed his Buy rating on Ur-Energy stock. For more details, click 13 Uranium Stocks Popular On Reddit.
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