The uranium market exploded last year in 2021, but uranium stocks still perform very well in 2022. This post will show you the 6 best Uranium stocks ASX 2022.
There are over 50 ASX-listed companies that are uranium miners, or have some connection to uranium production. Anyways.
Let’s not waste too much time, let us discuss 6 best Uranium stocks ASX 2022 that can provide huge gains in 2022.
Which uranium stocks ASX are best to invest in?
| Best uranium stocks asx | ASX codes |
| 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 |
Are you thinking about investing in uranium stocks? If so, you’ll want to stay up-to-date on the latest uranium news and prices. This will help you decide whether or not uranium stocks are a good investment for you.
Peninsula Energy (ASX: PEN)
PEN is a purely uranium miner company. The company has two current active projects, the Lance uranium Project located in the USA and the Karoo Uranium Project in South Africa. Even though both generate revenue for the company, the Lance uranium Project proves more profitable than Karoo Uranium Project.
PEN’s price was $0.20 AUD at the time of writing. It had a 52-week low of $0.10 AUD, and a high of $0.35 AUD.
According to Morningstar Quantitative, the ASX:PEN Fair Value is $0.37 AUD. In 2022 we will see a major uptrend.
Paladin Energy (ASX: PDN)
PDN, the largest listed Australian uranium producer, operates out of Western Australia. It has many projects around the world, mainly in South Africa, Australia and the very popular Langer Heinrich mine.
This article was written at $0.78 AUD. It had a 52-week low of $0.36AUD and a high of $1.35AUD.
According to Morningstar Quantitative, the ASX:PDN Fair Value is $0.92 AUD based on current market conditions. If people start investing again in uranium stocks, this stock could see a major uptrend in the next few years.
Energy Resources of Australia (ASX): ERA
The company deals with both the sale and processing of uranium oxide. ERA controls and operates the Ranger uranium mine. Uranium mines in Darwin, NT are a great source of the element. The company has been in business for many years and has a great reputation. Their uranium mines are some of the best in the world.
ERA price was $0.34 AUD at the time of writing. It had a 52-week low of $0.19 AUD, and a high of $0.58 AUD.
According to Morningstar Quantitative, the ASX:ERA fair value is $0.41 AUD.
Core Lithium Ltd (ASX : CXO).
In 2021, core lithium was able to surpass the moon and is still dominating its market in 2022. CXO is a lithium producer, but they also participate in Uranium mining in South Australia with Fitton Uranium Project and have a few uranium mine sites in NT.
The 52-week low for CXO is $0.21AUD while the 52-week high is at $1.11AUD. As of writing, the current price for CXO is $1.02AUD.
According to Morningstar Quantitative, the ASX:CXO fair value is $1 AUD. CXO has achieved this amount already. CXO shares are held by me as a personal believer. Our price prediction for CXO is $1.5 by 2022.
Anson Resources Ltd (ASX : ASN).
The company deals with many resources, including copper, lithium, and nickel. It was established in 2009. We also have uranium projects, one of which is Yellow Cat Vanadium – Uranium.
As I write this, ASN’s price was $0.11 AUD at the time. It had a 52-week low of $0.04AUD and a high of $0.18AUD.
According to Morningstar Quantitative, the ASX:ASN fair value is $0.17 AUD. In 2022, we can see ASN breaking its high and making new highs.
A-Cap Energy Ltd (ASX : ACB).
Another popular stock in uranium is listed on asx. These shares have increased steadily over the past few years. Letlhakane Uranium Project is their main uranium mine. It’s located in Botswana.
This share currently trades at $0.12 AUD, with a 52-day high of 0.19 Cents and a low of 0.043 Cents.
According to Morningstar Quantitative, 0.20 cent represents the fair value of this share. This share will have a very interesting 2022, when it will either reach its fair value by breaking the 52-week high or not.
Uranium stocks: FAQ
Are uranium stocks expected to rise?
Yes, the global demand for Uranium is growing day-by-day and there could be a shortage. Uranium stocks may continue to rise in price in 2022.
Are uranium investments a smart investment in 2022?
Yes, we are very bullish about uranium stocks. We’re all hoping for the best, but in the meantime, check out our website for the best uranium stocks.
Is there an ETF for uranium?
There aren’t many ETFs that invest in Uranium, but VanEck Vectors Uranium+Nuclear Energy ETF is (NLR)
Is uranium an investment that can be sustained?
Yes, uranium can be a good long-term investment. The demand for uranium is constantly increasing.
Conclusion
In summary, we covered uranium stocks ASX in the post and gave our insights on 7 Australian mining companies. Finally, we provided FAQs to address some of the most common questions.
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