Yellow Cake plc (GB:YCA) has released an update.
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Yellow Cake plc, a company specialized in holding physical uranium, reported an increase in uranium holdings from 20.16 million to 21.68 million pounds during the quarter ending June 2024, despite a slight dip in the spot price of uranium. The company’s net asset value per share saw a marginal decrease, owing to the lower uranium price, which was partly offset by the value gained from a strategic purchase of uranium from Kazatomprom. Amidst global market shifts, including a US ban on Russian uranium imports, Yellow Cake’s CEO expressed confidence in the company’s potential for shareholder value growth, citing strong nuclear energy demand and supply constraints.
For further insights into GB:YCA stock, check out TipRanks’ Stock Analysis page.
