Opinions
Mike Philbrick
North Shore Global Uranium Mining ETF
URNM-Q
TOP PICK
Oct 15, 2024
N/A
Stock price when the opinion was issued
E.T.F.'s
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BUY
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.
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E.T.F.'s
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.