The uranium market exploded last year in 2021, but in 2022, uranium stocks performed very well. This post contains top Uranium stocks ASX.
More than 50 ASX-listed companies are uranium miners or have some connection to uranium production. Anyways.
Let’s not waste too much time; let us discuss Uranium stock ASX that can provide huge gains in 2022.
Which uranium stocks ASX are best to invest in?
|Best uranium stocks asx||ASX codes|
|Peninsula Energy||ASX: PEN|
|Paladin Energy||ASX: PDN|
|Energy Resources Of Australia||ASX: ERA|
|Core Lithium Ltd||ASX: CXO|
|Anson Resources Ltd||ASX: ASN|
|Peninsula Energy||ASX: PEN|
|A-Cap Energy Ltd||ASX: ACB|
Uranium news Let’s talk about future prices for ASX Uranium stocks. This will help you decide if you should invest in Uranium stocks.
Peninsula Energy (ASX: PEN)
PEN is a uranium miner. They currently have two projects, the Lance uranium Project, USA, and Karoo Uranium Project, South Africa. The company generates revenue from both projects, but Lance uranium Project is more profitable than Karoo Uranium Project.
PEN’s price was AUD 0.20 at the time of writing. It had a 52-week low of AUD 0.10 and a high of AUD 0.35.
Morningstar Quantitative The fair value of ASX.PEN is $0.37AUD. In 2022, there will be a major uptrend.
Paladin Energy (ASX: PDN)
PD, the largest listed Australian uranium producer, and miner, is based in Western Australia. It operates many projects worldwide, mainly in South Africa, Australia, and the very popular Langer Heinrich mine near Namibia.
This article was written at $0.78AUD. The 52-week low price for PDN was $0.36AUD, and the 52-week high was $1.35AUD.
According to Morningstar Quantitative, the ASX/PDN fair value is AUD 0.92 based on current market conditions. If people invest again in uranium stocks, this stock could see a major uptrend in 2022.
Energy Resources of Australia (ASX): ERA
This company deals with the sale of uranium oxide and processing or mining. ERA manages and operates the Ranger uranium mine. Their uranium mines can be found in Darwin, NT.
This article was written at AUD 0.34. The 52-week low was AUD 0.19, and the high was AUD 0.58.
According to Morningstar Quantitative, the ASX: ERA fair value is AUD 0.41.
Core Lithium Ltd ASX: CXO
In 2021, core lithium surpassed the moon and will still dominate the industry 2022. CXO is a lithium producer, but they also participate in Uranium mining through the Fitton Uranium project in South Australia and some uranium mines in NT.
This was written at $1.02AUD, with a 52-week low of $0.21AUD and a high of $1.11AUD.
According to Morningstar Quantitative Fair Value of ASX/CXO, it is AUD 1. CXO has achieved this amount already. I hold CXO shares as a personal believer. Our price prediction for CXO at the end of 2022 is $1.5
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Anson Resources Ltd [ASX: ASN]
The company was established in 2009. They deal with many resources like copper, lithium, and nickel. They also have Uranium projects, one of which is Yellow Cat Vanadium – Uranium.
As I write this, ASN’s price was $0.11AUD at the time of writing. It had fallen to $0.04AUD for 52 weeks and risen to $0.18AUD for 52 weeks.
Morningstar Quantitative The ASX: ASN fair value is AUD 0.17. In 2022, ASN is breaking its high and making new highs.
A-Cap Energy Ltd (ASX: ACB).
Another well-known uranium stock is listed on ASX. These shares have shown steady growth over the past few years. Their main uranium mine, the Letlhakane Uranium project, is located in Botswana.
This share currently trades at AUD 0.12, with a 52-day high of 0.19 Cents and a low of 0.043 Cents.
According to Morningstar Quantitative, 0.20 cents represents the fair value of the share. This means that 2022 will be very exciting for this share. It will either reach its fair value by breaking its 52-week high price.
ASX Investor’s thoughts on Uranium stocks
FAQ Stockpiles of Uranium
Are uranium stocks expected to rise?
Yes, the global demand for Uranium is growing daily, and there could be a shortage. In 2022, the price of Uranium stocks may follow an uptrend.
Are uranium investments a smart investment in 2022?
Yes, we are very bullish about uranium stocks. Let’s all hope that things will turn out well. Check out our website to find the best uranium stocks.
Is there an ETF for Uranium?
There aren’t many ETFs that invest in Uranium, but you might want to look at VanEck vectors Uranium+Nuclear Energy Exchange Fund (NLR).
Is Uranium an investment that can be sustained?
Yes, Uranium can be a good long-term investment. The demand for Uranium keeps growing day by day.
Overall In the above post, we discussed uranium stocks and gave our insights on 7 Australian mining companies. Finally, we provide an FAQ to help answer some of the most common questions.
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