Uranium Continues to Break Out: The Best Stocks to Buy Now

Uranium prices continue to break out, approaching $64 per pound in the spot market. That is the highest they’ve been in eleven years.


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On the whole, I expect higher uranium stock share prices from here amid pullbacks that are natural in bull markets.

I’ve received a few questions about selling. Selling is always hard. I probably don’t do it enough. 

The short answer is you should sell when you feel like it or if you need/want capital for something. Need to buy a new car or pay tuition? Sell a few percentage points.

A personal example might be helpful. I own a significant portion of Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) relative to my speculative portfolio. It accounts for 6.3% of my speculative holdings. I bought 98.6% of it in private placements and hold a little bit in another account that I’ve bought at various times in the open market.

Skyharbour has a 52-week high of C$0.87 and currently trades at C$0.70. I might sell that 1.4% stake if it gets back to the highs. It would pay for a nice weekend away with my wife, I’d still have 98.6% of my position, I’d still be bullish on the company and uranium, and I could stop having to watch it in two accounts. Makes sense for me.

I can’t be sure what makes sense for you, which is why you likely won’t see a sell call from me on uranium until there is an industry-wide catalyst for it. 

For now, uranium stocks still want to go higher and are bullish. 

In fact, there’s another uranium stock that I own even more of. And I think its highest share prices are still ahead of us. 

Learn more about it here.

Nick Hodge

Nick Hodge
Publisher, Daily Profit Cycle