Kraken Energy popped up over 15% today
Why?
Here’s a good article that explains why Kraken Energy is poised to take advantage of a favourable Uranium market:
https://investorintel.com/energy-oil-gas-uranium/kraken-energy-poised-to-revitalize-historic-uranium-mines-in-nevada/
3 key points:
- Favourable market for Uranium, seen as a key resource in the Net Zero goals of countries and corporations
- Hub & Spoke model is cost effective and takes advantage of the prolific mines in the Nevada area that Kraken now controls:
Apex
Garfield Hills
Huber Hills - “Fast forward to 2023 and we have a much more favorable environment for the uranium sector with higher uranium prices (US$50.45/lb) and positive U.S. government support. Therein lies the opportunity for Kraken to bring the Apex Uranium Mine and Property back to life”
The US government is trying to reduce the reliance on Russian Uranium and Kraken Energy is in a great position to utilize the prolific past producing Nevada region to provide more local Uranium.
Posted on behalf of Kraken Energy
[link] [comments] https://www.reddit.com/r/stocks/comments/131ikvg/uusa_up_15_today/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
