URC, EU and ISO: Why did these 3 TSXV uranium stocks surge higher?

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URC, EU and ISO: Why did these 3 TSXV uranium stocks surge higher?

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URC, EU and ISO: Why did these 3 TSXV uranium stocks surge higher?
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Highlights

  • Uranium Royalty (TSXV: URC), EnCore Energy (TSXV: EU) and IsoEnergy (TSXV: ISO) could gain some attention on the Canadian stock markets.
  • Canada is also reportedly exploring small modular reactor technology to produce clean energy and support low carbon transition, according to its Budget 2022.
  • A uranium company listed here saw its stock scrip soar by over 111 per cent year-over-year (YoY).

Uranium Royalty (TSXV: URC), EnCore Energy (TSXV: EU) and IsoEnergy (TSXV: ISO) could gain some attention on the Canadian stock markets as uranium prices continue to climb because of stressed oil and gas supply against demand.

Canada is also reportedly exploring small modular reactor technology to produce clean energy and support low carbon transition, according to its Budget 2022. Likewise, many countries are believed to plan for the transition from fossil fuels to alternative sources to power their economy.

As uranium is a vital element for nuclear energy production, companies exploring and producing uranium are likely to see business growth. That said, let us talk about three TSXV uranium stocks.

Uranium Royalty Corp (TSXV: URC)

Uranium Royalty acquired an additional gross revenue royalty (GRR) interest of one per cent on the Lance In-Situ Recovery mine (operator: Strata Energy)  located in Wyoming, United States.

URC stock rocketed by over 46 per cent in the past one year.

Also read: What are the 2 TSX Uranium Stocks You Should be Looking at Right Now?

EnCore Energy (TSXV: EU)

EnCore Energy Corp closed a C$ 30 million bought deal offering on March 25. Net proceeds from this offering intends to maintain and advance EnCore’s material properties and acquire assets.

EU stock swelled by almost 42 per cent in 12 months.

 URC, EU & ISO: Why did these 3 TSXV uranium stocks surge higher?

IsoEnergy Ltd (TSXV: ISO)

IsoEnergy held a market capitalization of over C$ 585 million and a price-to-book (P/B) ratio of over 10 per cent at the time of writing this.

The small-cap company saw its stock scrip soar by over 111 per cent year-over-year (YoY).

Bottomline

Uranium stocks could continue to a positive momentum with increasing uranium prices. However, investors should also consider its growth prospect and potential and analyze market sentiments while planning investment in any stock.

Also read: Five uranium stocks to watch out for as energy crisis grips the world

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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