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Uranium Participation rises

Shares in Uranium Participation Corp (TSX: U), a Canada-based pure commodity play, have hit their highest point in more than 2.5 years as the uranium spot price remains at a similar high.

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Shares hit high point in line with rising uranium price

Uranium has risen from US$20.25 a pound in April on the spot market to last trade at $28.80/lb, its highest point since March 2016 due to supply cuts and demand on the spot market to fulfil commitments.

Uranium Participation yesterday reported its estimated net asset value at October 31 was C$653.4 million (US$498 million), or $4.73 per share.

Its share price that day was $4.54, which the company said represented a 4.02% dis...

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