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URE

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    1.6633$
  • Previous Close
    1.7088$
  • 52 Week Change
    1.17$
  • Day Range
    -0.05$
  • 52 Week High/Low
    0.78$ - 1.95$
  • Dividend Per Share
    --
  • Market cap
    598 M$
  • EPS
    -0.06
  • Beta
    1.123
  • Volume
    --

About

URE.TO is the stock symbol for Purpose Uranium ETF, an exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX). This ETF aims to replicate the performance of an index that tracks the global uranium industry. It primarily invests in companies involved in uranium mining, exploration, development, and production, as well as those holding physical uranium. Investors use URE.TO to gain exposure to the uranium market without directly owning physical uranium or investing in individual uranium mining companies. The ETF's price will fluctuate based on factors affecting the uranium market, such as supply and demand dynamics, geopolitical events, and regulatory changes.
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Factors

Uranium Prices: Higher uranium prices typically boost URE.TO, as it signifies increased profitability for uranium mining companies.

Company Performance: URE.TO's earnings, production levels, and exploration success directly influence investor confidence and stock value.

Market Sentiment: Overall market optimism or pessimism can affect all stocks, including URE.TO, irrespective of company-specific news.

Regulatory Environment: Government policies related to uranium mining, nuclear energy, and environmental regulations impact URE.TO's prospects.

Geopolitical Events: Political instability or conflicts in uranium-producing regions can affect supply and demand, impacting URE.TO.

Interest Rates: Rising interest rates can make borrowing more expensive, potentially slowing down uranium projects and affecting URE.TO.

Currency Fluctuations: Changes in the Canadian dollar's value relative to other currencies, especially the US dollar, can impact URE.TO.

Alternative Energy Trends: The growing adoption of alternative energy sources can affect the long-term demand for uranium, influencing URE.TO.

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