Stockchase Insights
North Shore Global Uranium Mining ETF
URNM-Q
BUY
Jun 14, 2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
URNM is up 9% YTD, and the physical uranium ETF is up 12%. Stocks are always going to have higher volatility than the metal, and it really depends what investors are looking for. We are not 'concerned' here, and in a continued rally we would still expect URNM to outperform. Unlock Premium - Try 5i Free
It's a global uranium ETF. It's the cleanest energy out there. She thinks more people will realize it. Buy it at $78 and sell the January 90 calls to gain $6 or 7.5%.
Global electricity demand is rising, so nuclear energy will be a vital carbon-free source of energy. Therefore, we'll need more uranium. Also, data centres need a lot of power.
URNM is up 9% YTD, and the physical uranium ETF is up 12%. Stocks are always going to have higher volatility than the metal, and it really depends what investors are looking for. We are not 'concerned' here, and in a continued rally we would still expect URNM to outperform.
Unlock Premium - Try 5i Free