Yellow Cake (GB:YCA) has released an update.
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Yellow Cake PLC, a company specializing in holding physical uranium, reports a 4.4% decrease in the uranium spot price over the quarter, resulting in a slight dip in their net asset value per share from £7.11 to £6.88. Despite the price fluctuation, the company expects its uranium holdings to increase to 21.68 million pounds following a purchase from Kazatomprom, buoyed by successful fundraising efforts. The global uranium market shows strong signs of growth, driven by government support for nuclear energy and a push for net zero carbon programs.
For further insights into GB:YCA stock, check out TipRanks’ Stock Analysis page.
