|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||27.03 - 27.06|
|52-week range||27.03 - 27.06|
|Beta (5Y monthly)||0.82|
|PE ratio (TTM)||N/A|
|Earnings date||02 Nov 2021 - 08 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- The Canadian firm behind the world’s only physical uranium fund said hedge funds and family offices are driving up demand for the radioactive metal used to fuel nuclear reactors.The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks after snapping up 8.1 million pounds of the commodity while prices soared. Uranium has surged 40% this month, putting pressure on utility owners and other users when supplies are dwindling and
Hot stocks are alluring, but it's important to remember that grabbing onto them can also leave you burned.
Uranium mining stock Cameco (NYSE: CCJ) was on fire this week, gaining 24.2% as of 2:30 p.m. EDT Friday, making it one of the biggest weekly gains for the stock so far this year. There's so much happening in the uranium industry that bulls in Cameco haven't been this excited in a long time. To start, Cameco shares won two big analyst upgrades this week.