Loading ...Another Look At Energy Fuels – Poised For Lift Off ?
Some impressive moves in the Uranium sector recently, but I’m not going to get too excited until we see a more definite breakout, It’s possible we could get turned back down at the bottom of the triangle. Fundamentals are good and the price of Uranium itself is finally rising in response to increased global demand (and anticipated future demand) and reduced mine supply. Moves in this sector are rapid and violent – hundreds or thousands of percent in a few months, making it possible to turn $1000 into $10000, $20000 or even $50000. If this takes off again it could be quite a ride.
Announced yesterday, this seems to be putting a lid on Energy Fuels today: “Energy Fuels Inc. (NYSE American:UUUU; TSX:EFR) (“Energy Fuels” or the “Company”), a leading producer of uranium in the United States, is pleased to announce that today the Company has filed a prospectus supplement to its effective U.S. registration statement on Form S-3 in order to renew its ‘at-the-market’ (“ATM”) program. Under the renewed ATM program the Company may, at its discretion from time to time, sell up to an additional US$24.5 million of common shares, with sales only being made on the NYSE American at then-prevailing market prices, or any other existing trading market of the common shares in the United States.”
CCJ, for example, is continuing yesterday’s positive move today, as is DYLLF and a few others in the sector.