Last year was an exciting time for those invested in ASX uranium shares. Many sat back to watch the price of uranium surge higher, boosting the share prices of many companies involved in the commodity.
One of the major catalysts for uranium prices in 2021 was the Sprott Physical Uranium Trust. It snapped up bulk amounts of the energy commodity in the second half of the year, tightening supply on the spot market.
Here are the ASX stocks that gained the most as uranium rallied in 2021.
5 top ASX uranium shares of 2021
A quick note before we start: This list only contains companies with market capitalisations of more than $50 million and share prices of more than 5 cents.
Alligator Energy Ltd (ASX: AGE) – gained 427%
The Alligator Energy share price took out the top spot on this list, growing from 1.1 cents to 5.5 cents over the 12 months ended 31 December 2021.
The company has uranium projects in South Australia and the Northern Territory.
A-Cap Energy Ltd (ASX: ACB) – up 383%
A-Cap Energy came in as the second best performing ASX uranium share of 2021.
The company operates the Letlhakane Uranium Project in Botswana. It also has business in nickel-cobalt mining.
Its shares ended 2020 trading at 3 cents apiece before gaining 383% to end 2021 valued at 14.5 cents.
Anson Resources Ltd (ASX: ASN) – up 366%
The Anson Resources share price surged 366% over the course of 2021. It climbed from just 2.9 cents to 13.5 cents.
The company is focused on producing resources for the global energy shift. It holds a lithium resource in the United States, a nickel, copper, and platinum group elements project in Western Australia, and the Yellow Cat Vanadium-Uranium project.
Yellow Cat is located in Utah and is currently in its exploration phase.
Core Lithium Ltd (ASX: CXO) – gained 321%
2021 was a great year for the Core Lithium share price. It gained 321% to land as the fourth best performing ASX uranium share.
After finishing 2020 trading at 14 cents, Core Lithium’s stock was swapping hands for 59 cents come the final close of 2021.
As the name suggests, Core is a lithium exploration company. However, it owns a uranium tenement in the Northern Territory and the Fitton Uranium Project in South Australia.
Paladin Energy Ltd (ASX: PDN) – up 266%
Finally, coming in as the fifth best performing ASX uranium share of 2021 is Paladin Energy.
The company’s stock grew from 24 cents to 88 cents over the course of last year.
Paladin Energy is a uranium producer and explorer with operations in Australia and Africa.
The post These were the 5 best performing ASX uranium shares of 2021 appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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