On February 10, 2022, we still thought that the re-entry into the stock of the US uranium producer URANIUM ENERGY at USD 3.40 had not gone well, because the share subsequently became markedly cheaper. But just a few weeks later, the security is shining again and we already have to deal with the question at which price level the stock could best be sold... maybe even higher than the price target?
With the war in Ukraine, the West has to realize all the more how dependent it is on Russia as a supplier of raw materials. Inevitably, commodity prices continue to skyrocket, having risen sharply before. The question becomes louder and louder: "How will we be able to satisfy our large energy needs now and in the future?" Renewable energy is mentioned as a solution. In the current situation, this is far from sufficient; only a distant goal! Slowly, the realization is gaining ground that it probably can't work without nuclear power plants. So are they definitely facing the big "come back"? We think yes, because there is almost no choice! More and more specialists expect that the Ukraine conflict will occupy us in the long term and with it the scarcity of many essential raw materials such as uranium. In this respect, the share of uranium producer URANIUM ENERGY should be on the verge of an impressive high. However, the share price has only completed a small leg of its journey. So, if the raw material uranium is definitely back at the beginning of this forecast, our new recommendation will soon confront us with the difficult question at which level a possibly larger price gain should be realized. Because obviously the price fluctuations increase due to the war and a quick profit can also vanish into thin air again in a very short time. In the case of a quick high in a few days, we have to leave it up to you whether you want to take profits before our price target is reached. It remains very exciting here. Our price target stands at USD 4.90!
