The Biggest Uranium ETF Is Up By 25%, While Uranium Price Collapses. How Is It Possible? - Global X Uranium ETF (NYSEARCA:URA) | Seeking Alpha
This is an outstanding article on the state of the uranium industry. Everyone is aware that we will be using more uranium in the future, but we currently have a glut of uranium supply just like the situation with oil. The article talks about falling uranium prices while a pickup in demand is supposed to be just around the corner. The uranium ETF, URA, has risen 11% in the past month, and Nexgen Energy is up 59%. I bought NXGEF today because I think it can go higher. So, uranium stocks might be profitable in the long term if you are willing to ride out some volatility.
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