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Bullboard - Stock Discussion Forum Uranium Energy Corp UEC

Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR... see more

NYSEAM:UEC - Post Discussion

Uranium Energy Corp > Uranium Spot price ❓
View:
Post by mangoe on Nov 26, 2024 2:27pm

Uranium Spot price ❓

John Quakes
@quakes99 -



Spot #Uranium is beginning to recover today from yesterday's month-end smash as #Nuclear fuel price reporters UxC pegged their November month-end prices. As we've discussed ad nauseum, the Spot market has insufficient liquidity to support true price discovery. It's like trying to get orders filled at fair market price on OTC Pink Sheets with no Market Maker to provide liquidity. Buyers know that there is always a month-end seller who needs to clear material off their books to bring in cash flow needed to support their operations, so we see buyers drop their bids to see just how low those sellers will go. They got their answer yesterday and today are raising their bids once again now that sellers are pushing their Asks higher. Such is the month-end game that's just market noise.


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