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URNJ Is Up Over 20% After Russian Ban

From etfdb.com

Small-cap mining companies have the potential to make pronounced moves to the upside when the associated commodity is pushing higher. That’s exactly what the Sprott Junior Uranium Miners ETF (URNJ A) is doing after the United States banned Russian uranium. The ETF is up 20% after President Biden officially banned imported uranium from Russia. It’s a move that’s been two years in the making. But it may not have established high-enough priority at the time of Russia’s invasion of Ukraine over two years ago. The U.S. government was swift to act on banning oil and gas from Russia. But the uranium ban took much longer. As ... (full story)

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  • Category: Fundamental Analysis