Pеninsula Enеrgy Limitеd (ASX: PEN), a key player in the uranium еxploration sеctor in the Unitеd Statеs, with a markеt capitalization of AU$151 million, rеcеntly rеportеd a financial yеar loss of US$3.5 million as of 30 Junе 2023. Dеspitе this, thе company is drawing closеr to a significant milеstonе—achiеving profitability.
Rеcеnt Developments and Shifts
In August…
Uranium Stocks
This week's domestic stock deep dive is on Alligator Energy (ASX:AGE), one of several ASX stocks in uranium. We think now is a good time to look at uranium stocks as prices return to levels that make most of the world's projects profitable. And while Alligator Energy is at an earlier stage than certain other…
Why did uranium prices drop for the best part of a decade and a half until now? It was a long, painful period for investors as uranium prices collapsed from over US$120/lb after peaking in 2007 and lulled in the doldrums for years.
But why did it stay down for so long and is the uranium…
Here are 4 companies that we think are the top ASX resources stocks for October!
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The 4 top ASX resources stocks for October!
1. Boss Energy (ASX:BOE)
Uranium is the hottest commodity in 2023, with spot prices jumping over 35% in the first 9 months of the…
ASX uranium stocks have gained increased attention in recent months as uranium prices have undergone a major rally for the first time in roughly a decade. Demand for uranium, like other commodities, is expected to grow at the world decarbonises.
Although uranium is not the only 'decarbonisation' resource, a difference with this sector is that a high…
