2 Years Ago
2 Min Read

URA up 6%. Here's what's going on:



G-X Uranium ETF (URA) is trading 6% higher at $23.05 today. 

  • Report of US seeking billions to end reliance on Russian enriched uranium
  • US is very much reliant on Russia for its nuclear power plant needs 
  • Russia is the third-largest source of U.S. uranium, accounting for about 16.5% of total U.S. uranium imports in 2020 and 23% of the enriched uranium needed to power US commercial nuclear reactors
  • Russia is considering a ban on Uranium exports , although it has not yet pulled the plug 

G-X Uranium ETF has been trading between a 52-week high of $29.73 and a 52-week low of $17.65. The stock has a market cap of $1.67 Billion.



Headlines


Uranium Stocks Soar On Report US Seeking Billions To End Reliance On Russian Enriched Uranium
Zero Hedge 06-07-22

Biden begins $6B program to bail out distressed nuclear power plants
Kwhen Finance 04-19-22

Uranium builds steam - Canadian provinces announce nuclear energy plan
Kwhen Finance 03-28-22

Kestra Advisory Services LLC Takes Position in Global X Uranium ETF (NYSEARCA:URA)
Transcript Daily 12-23-21

Global X Uranium ETF (NYSEARCA:URA) Shares Sold by Good Life Advisors LLC
 Dakota Financial News 12-19-21


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

ser_kingslayer_ - 3 upvotes - source
They're not gonna be able to spin up nuclear plants in 2 months. URA is a longterm bet that relies on governments doing the logical thing. And how often are governments logical?

BigC_Gang - 3 upvotes - source
URA surely a play here. How else will Europe keep the lights on

nothing_but_thyme - 2 upvotes - source
Good to know, thanks for the perspective. Given that is seems like URA might be the slightly less risky of the of the two ETF choices given its top holdings are weighted more towards N. American companies. Also has a slightly better expense ratio and about 7x the daily volume which can be helpful for those interested in options.

Fancy-Product-6274 - 2 upvotes - source
URA is also about 70% uranium whereas URNM is 100%

foodiewalkie - 2 upvotes - source
$URA $URMN $BBBY to the moon 🚀🚀🚀

Vivalyrian - 2 upvotes - source
Nice, good balance! :-) I probably should have gone slightly heavier on SPUT as well, but port has ended up being 20% SPUT, 10% URA, 10% URNM, 60% a selection of my favourite equities around the world (biggest being DNN at 6%). So I'm probably a bit underexposed to spot-price itself, but reckon it ought to be a nice outcome anyway. I'm guessing we might have - at most - the rest of September to load up some more at these valuations, but then I would be surprised if prices don't soar similarly to NATGAS into fall and winter.

lichsadvocate - 1 upvotes - source
URNM and URA

OnlyRespeccRealSluts - 1 upvotes - source
URA or UEC imo

DiabloBlanco25 - 1 upvotes - source
I’m looking at ura, urnm and btu.