John Money, CEO of Ur-Power (TSX:URE,NYSEAMERICAN:URG), spoke to the Investing Information Community about uranium’s current worth rise and the place the commodity might go sooner or later as demand rises and provide stays tight.
In his view, it was the current coup in Niger that woke market contributors as much as that rising imbalance.
Nonetheless, there are a lot of extra market dynamics at play, and collectively they’re prone to push costs a lot increased long run.
“I consider the market’s going to proceed to enhance over time, (however) I anticipate super volatility based mostly on information,” he stated. “There is a tug-of-war on the worth proper now — it looks as if it is plateaued. However I feel it is obtained appreciable room to run.”
Watch the interview above for extra from Money on the uranium market and Ur-Power’s future plans.
Remember to observe us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.
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