The Volpara Health Technologies Ltd (ASX: VHT) share price is in focus today after the ASX healthcare tech share announced it’s expanding in the lung screening industry.

What is Volpara doing?

Volpara told investors that it’s further expanding its footprint in the lung cancer screening market with a strategic partnership with Seattle-based lung AI company Precision Medical Ventures (PMV), which actually trades as RevealDx.

RevealDx was described as one of the leaders in the application of AI for lung nodule diagnosis (the task after detection) with its RevealAI-Lung offering.

Volpara has been operating in the lung cancer screening market for a couple of years after its acquisition of Seattle-based MRS Systems in June 2019. The company noted that its lung software is currently covering around 8% of the US market.

What is the advantage of working with RevealDx?

Volpara said that the partnership would enable lung cancer screening programs to have access to expanded services for patient reporting and tracking through to AI for detection and diagnosis.

It’s going to invest US$250,000 into RevealDx through a convertible note.

The ASX share is also going to receive non-exclusive rights to sell the RevealAI-Lung product into the US, a number of free licenses to seed the market, and exclusive rights to sell RevealAI-Lung into Australia and New Zealand.

Volpara will also have the right to appoint a board observer to the RevealDx board.

The company also said that RevealAI-Lung is CE marked and is working towards TGA and FDA clearance. It’s also seeking publication of two pivotal studies.

This partnership comes after the recent collaboration with a leading US lung imaging company, Riverain Technologies. The Volpara share price is relatively unmoved since that announcement earlier in September 2021.

How big is the lung screening opportunity?

According to RevealDx, the total available market for lung AI screening is estimated to be up to US$750 million globally in recurring revenue, once screening programs ramp up.

The Seattle business noted that early clinical data for RevealAI-Lung suggests that many cancers can be detected earlier by using the AI nodule analysis rather than waiting for a scan in a few months’ time, while simultaneously reducing false positives, with potentially significant cost savings. Those cost savings formed part of the estimate of the total global market.

The idea is to sell to payers and providers first, and then seek reimbursement in the US.

The Volpara CEO Dr Ralph Highnam said:

The benefits of lung cancer screening using low-dose computed tomography (CT) have become more widely accepted globally, with the US doubling the number of people eligible, and countries like Australia starting the process of scoping out nationwide programs. Despite the clear benefits of screening in reducing mortality, a major issue those programs face is the number of false positive nodules found not just in routine screening but incidentally while scanning for other diseases such as pneumonia. That differentiation of nodules is exactly what RevealDx has been focusing on.

This is a pivotal moment for lung cancer screening globally, and our involvement in it. The combination of RevealDx and Volpara and other parties will be as compelling in lung as Volpara is in the breast space today.

Volpara share price snapshot

Currently, the Volpara share price is down 0.4% at the time of writing.

That currently gives it a market capitalisation of $308 million.

The post Volpara (ASX:VHT) share price under spotlight on lung screening expansion appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. 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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The Digitalx Ltd (ASX: DCC) share price is soaring following the announcement of a new acquisition.

The technology and investment company has signed a business sale and asset agreement to acquire Sell My Shares, an online share trade execution service.

Following the company’s release, the DigitalX share price has gained an impressive 7.46%. Right now, shares in the company are swapping hands for 7.2 cents apiece.

Let’s take a closer look at the news driving the DigitalX share price higher today.

DigitalX’s new acquisition

The DigitalX share price is surging following news it is set to acquire Sell My Shares.

According to DigitalX, Sell My Shares represents a channel for it to obtain new customers. Sell My Shares has conducted $300 million worth of trades for 42,000 Australians since 2013.

The acquisition will cost DigitalX $1.64 million upfront. The company will also make a deferred $250,000 consideration subject to performance milestones.  

Following the acquisition, Sell My Shares will be integrated into DigitalX’s Drawbridge product.

Drawbridge provides listed companies with the means to manage internal trading of their securities.

DigitalX states the acquisition of Sell My Shares will see Drawbridge accelerate its commercial development and gain a compliant way for its customers’ employees to trade shares.

Additionally, the company noted it has identified several ways to better the Sell My Shares business and profitability. Some of the ways in which DigitalX plans to grow Sell My Shares include enhancing its market clearing and settlement technologies.

DigitalX share price snapshot

Despite today’s gains, the DigitalX share price has been struggling on the ASX lately.

It has fallen 28% since the start of 2021. However, it is currently 80% higher than it was this time last year.

At its current share price, the company has a market capitalisation of around $53.3 million. It has approximately 739 million shares outstanding.

The post Here’s why the DigitalX (ASX:DCC) share price is surging 7% today appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: Telstra unveils T25 strategy, Wesfarmers’ API offer
• Fortescue (ASX:FMG) share price up as miner announces largest contract ever with Aboriginal group
• The Paladin Energy (ASX:PDN) share price rockets 5% to 9-year high. Here’s why

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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The Beach Energy Ltd (ASX: BPT) share price has started strongly on Thursday. Shares in the Aussie oil and gas producer are up 3.27% in early afternoon trade despite no news from the company.

Why the Beach Energy share price is climbing today

It always pays to look at how the underlying commodity prices are moving when evaluating energy shares. In this instance, crude oil prices have jumped higher overnight.

Brent crude jumped 2.5% to US$75.46 per barrel while WTI crude climbed 3.1% to US$72.61 per barrel overnight.

That came as US government data showed higher than expected drawdowns on inventories coupled with expected demand increases as the global economy re-opens.

The Beach Energy share price has been one beneficiary of the news and is on the move on Thursday. It comes after a tough period for shareholders who have watched the company’s valuation slump 40.8% in 2021.

Declining oil production and downgrading of its Western Flank oil and gas assets have not helped. Shares in the energy group have remained under pressure for most of this calendar year.

The Beach Energy share price fell 9.9% lower on August 16 after the company’s full-year results release. Beach produced 25.6 million barrels of oil equivalent (mmboe) but is forecasting just 21 million to 23 mmboe in FY22.

Things went from bad to worse for the Aussie energy company on September 3 as S&P DJI announced that Beach would drop out of the S&P/ASX 100 Index (ASX: XTO) in the next rebalancing.

Foolish takeaway

The Beach Energy share price has enjoyed a strong start to the day as oil prices jumped higher overnight. Shares in the Aussie energy company remain under pressure in 2021 amid reduced reserves and production levels.

The post Here’s why the Beach Energy (ASX:BPT) share price is climbing today appeared first on The Motley Fool Australia.

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Motley Fool contributor Ken Hall 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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The Ioneer Ltd (ASX: INR) share price has sunk this morning. In early trade, shares in the emerging lithium-boron company are 16.89% lower, trading at 61.5 cents.

This move follows Ioneer’s announcement on Thursday it was entering into a strategic partnership with a multibillion-dollar multinational mining company.

Teamwork to make the dream work

The Ioneer share price is plummeting this morning after its latest release to the ASX.

According to the announcement, the future-focused mining company has formed a joint venture (JV) with the world’s largest primary producer of platinum, Sibanye Stillwater.

Under the newly formed JV, Ioneer and Sibanye Stillwater will hold a 50/50 ownership. As part of the deal, Sibanye will contribute US$490 million in direct funding for its 50% share, while Ioneer will contribute 100% of its South Basin Rhyolite Ridge Lithium-Boron Project.

Additionally, Ioneer’s North Basin of Rhyolite Ridge will be contributed to the JV if Sibanye Stillwater exercises its option by providing a further US$50 million.

About the new partner…

A little background on Sibanye, the A$13 billion mining company operates across South Africa, the United States, Zimbabwe, Canada, and Argentina. In the trailing 12-month period, Sibanye recorded more than A$15 billion in revenue and approximately A$4.23 billion in profits. Partnering with such a large mining company could buoy the Ioneer share price.

Interestingly, today’s presentation specifies that this outcome is the product of an 18-month long process.

The South African mining company was deemed the appropriate partner due to its extensive experience in developing large projects. Furthermore, Sibanye Stillwater also has deep relationships with automakers and automotive OEMs, with a strong focus on battery metals.

In addition to the direct funding, Sibanye Stillwater will also subscribe for 145.9 million fully paid ordinary shares in Ioneer. This will be conducted through a placement, subject to shareholder approval, at 65.5 cents per share.

The proceeds of US$70 million will be used to cover the costs of advancing the project to the construction stage.

Management commentary

Commenting on the strategic partnership, Ioneer executive chair James Calaway said:

We are extremely pleased to welcome Sibanye-Stillwater, a leading international mining company, as a strategic partner in the Rhyolite Ridge Project.

With a strong strategic partner in place, we can now look to finalise the debt financing for the project and move towards construction. We are confident in the alignment of our companies. Our partnership with Sibanye-Stillwater will allow ioneer to unlock the tremendous, long-term value of Rhyolite Ridge.

What’s next for the Ioneer share price?

According to the timeline presented, shareholders will be given the chance to vote on the US$70 million placement to Sibanye Stillwater by 20 September. Subsequently, a meeting will be held on 21 October 2021 to approve the placement. If all goes to plan, the company expects the placement to be completed in the December 2021 quarter.

Finally, if all approvals are received, Ioneer will target the construction of Rhyolite Ridge in the second half of 2022.

The Ioneer share price has climbed a staggering 572% in the past year.

The post Ioneer (ASX:INR) share price plummets 16% after partnership news appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler 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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At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. The benchmark index is currently up 0.7% to 7,466.8 points.

Here’s what is happening on the ASX 200 on Thursday:

Telstra T25 strategy

The Telstra Corporation Ltd (ASX: TLS) share price is pushing higher today after investors responded positively to its new T25 strategy. Telstra’s CEO, Andrew Penn, highlighted that its T22 strategy was based on transforming the company, whereas T25 will be about driving growth. Mr Penn is aiming for sustained growth and value. This is by targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY21 to FY25.

Wesfarmers acquisition

The Wesfarmers Ltd (ASX: WES) share price is trading broadly flat on Thursday after increasing its takeover offer for Australian Pharmaceutical Industries Ltd (ASX: API). According to the release, the conglomerate has tabled a $1.55 per share offer. This compares to its previous offer of $1.38 per share, which was rejected by the API board in July. Wesfarmers has been granted due diligence on this occasion.

PointsBet lower despite agreement

The Pointsbet Holdings Ltd (ASX: PBH) share price is trading lower on Thursday. This is despite announcing a new agreement. According to the release, the sports betting company has entered into an exclusive agreement with Major League Soccer team Austin FC. It will be the club’s exclusive sportsbook partner.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Incitec Pivot Ltd (ASX: IPL) share price with a 4.5% gain. This appears to have been driven by improving investor sentiment since its Waggaman update earlier this week. The worst performer on the ASX 200 has been the Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price with a 4.5% decline. Earlier today, the company revealed that it would vote in favour of Wesfarmers’ takeover of Australian Pharmaceutical Industries. In addition, its merger partner Milton Corporation Limited (ASX: MLT) declared a special dividend of 37 cents per share ahead of the scheme meeting.

The post ASX 200 (ASX:XJO) midday update: Telstra unveils T25 strategy, Wesfarmers’ API offer appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited, Washington H. Soul Pattinson and Company Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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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The Fortescue Metals Group Limited (ASX: FMG) share price is edging higher after the iron ore mining giant released a positive announcement to the market this morning.

At the time of writing, Fortescue shares are 0.59% higher at $17.93 apiece.

The Fortescue share price has been retreating this month due to the falling iron ore spot price, which sank a further 4.47% overnight to US$117.50 per tonne.

What did Fortescue announce?

Fortescue advised that it has established a co-management framework for the Eastern Guruma People. Members of Wintawari Guruma Aboriginal Corporation (Wintawari), the prescribed body corporate, are representing the community.

The collaboration will oversee the development of new mines at Fortescue’s Solomon Hub operations.

In particular, both parties will establish a culturally safe mining joint venture to mine the East and West Queens deposits in Eastern Guruma country.

The 10-year mining services contract is worth an estimated $500 million. This makes it the largest contract ever awarded to an Aboriginal business by Fortescue.

A working group will be formed to work on all stages of the mine development. These include heritage and environmental approvals, resource drilling and definition, and mine planning to operations and rehabilitation.

Fortescue CEO, Elizabeth Gaines commented:

Fortescue is proud of our longstanding relationship with Wintawari Guruma Aboriginal Corporation. We are confident that this new collaborative framework will strengthen our ties with the Eastern Guruma People, through the unique opportunity to have a seat at the table to share cultural knowledge and guide the growth of Fortescue’s operations on their country.

Fortescue said it has awarded more than $3.5 billion in contracts to Aboriginal businesses and joint ventures through its Billion Opportunities program.

The new contract represents another partnership with the Aboriginal business sector.

Fortescue share price summary

It has been a rollercoaster ride for Fortescue investors over the past 12 months.

The company’s shares are up just 3.37% for the period but were trading significantly higher at times during 2021. In July, it was trading above $26.

Year to date, the Fortescue share price is down by 27.6%.

The post Fortescue (ASX:FMG) share price up as miner announces largest contract ever with Aboriginal group appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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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The Paladin Energy Ltd (ASX: PDN) share price is breaking out to 9-year highs as uranium prices continue to skyrocket.

In morning trade, the Paladin Energy share price was up 5.37% to $1.08. However, it has since partially retreated and at the time of writing is $1.03. That’s still a gain of 0.49% on the previous close.

Uranium bull market in full throttle

Uranium spot prices rose sharply overnight to fresh 9-year highs of US$48/lb according to S&P Global Platts.

This is likely the main catalyst behind the sudden re-rate of the Paladin Energy share price.

Skyrocketing uranium prices have been driven by the Sprott Physical Uranium Trust, the world’s largest actively managed uranium fund that invests in physical uranium.

The fund has been aggressively buying physical uranium off the spot market. This is not only tightening supply in what is typically an illiquid market, but is also sparking investor interest in the energy metal.

Sprott continues to shake up the uranium industry. S&P Global reported that the trust received approval for an “expanded equity sales program that will allow the fund to acquire up to $1 billion in additional uranium in the coming months”.

S&P Global quoted Paul Goranson, CEO of uranium development company enCore Energy, who said:

[Sprott] isn’t going to sell uranium. This is what they do with all their commodities, hold them. The only difference is, uranium is a much smaller market. They’re going to take all the cheap material off the market and sequester it for a very long time.

The report also highlighted other sources driving uranium demand and possibly the Paladin Energy share price.

Demand is also coming from sources other than Sprott, with a variety of financial investors and uranium producers seeking to acquire material during what some market participants see as a supply crunch. Uranium Royalty Corp, another Canadian company, announced Sept. 15 that it had added 300,000 lb of uranium to its holdings recently. Last month URC announced its own ATM program for $40 million, although only some of that amount is earmarked for physical uranium purchases.

Paladin Energy share price snapshot

The Paladin Energy share price has gained 129% in the past month and is up 350% year-to-date.

The post The Paladin Energy (ASX:PDN) share price rockets 5% to 9-year high. Here’s why appeared first on The Motley Fool Australia.

More reading

• Is there a uranium ETF listed on the ASX?
• Why are ASX uranium shares in focus today?
• Which ASX 300 shares are on the move mid-week?
• Up another 13%, the Paladin Energy (ASX:PDN) share price keeps on rallying. Here’s why.
• ASX uranium shares are booming double digits across the board on Monday. Here’s why.

Motley Fool contributor Kerry Sun 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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The 92 Energy Ltd (ASX: 92E) share price boomed in September thanks to the recent hype around uranium spot prices.

92 Energy listed on the ASX on 15 April after successfully raising $7 million at 20 cents per share.

The company said it is the first pure-play uranium company to list on the ASX in more than a decade after uranium prices plunged from 2007 peaks of US$136/lb to around US$30/lb in 2020.

What’s driving the 92 Energy share price?

The 92 Energy share price joins the long list of booming ASX uranium shares, most of which are rallying to multi-year highs.

This is largely thanks to skyrocketing uranium spot prices, which have jumped to 9-year highs of US$48/lb on Wednesday, according to S&P Global Platts.

It was just a month ago that uranium prices were fetching just ~US$30/lb.

The sudden jump in uranium prices has pumped life back into ASX uranium shares across the board.

The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) has rallied 126% in the last month to a fresh 9-year high.

Other emerging producers and explorers including Deep Yellow Limited (ASX: DYL), Peninsula Energy Ltd (ASX: PEN) and Boss Energy Ltd (ASX: BOE) have all rallied triple digits in the past month.

What’s so special about this uranium company?

The 92 Energy share price has returned faithful IPO investors more than 400% in just 5-months.

The company is exploring for high-grade, unconformity-type uranium in the Athabasca Basin, Canada.

This region is known for having some of the highest grade and lowest cost uranium deposits in the world, according to 92 Energy.

92 Energy owns a number of early stage uranium projects all of which are located in the Athabasca Basin. Here’s an overview of the company’s projects:

• Gemini Project, covering 264.5 km2 on the eastern margin of the Athabasca Basin
• Tower Project, an underexplored and untested prospect also running along the eastern margin
• Clover Project, located within close proximity of major uranium mines including McArthur and Cigar Lake

92 Energy investors can expect a steady stream of updates from the company as it executes its exploration strategy.

According to the company prospectus, it expects to spend approximately 2.2 million over the next year to drive its Gemini, Clover and Tower projects.

The post 92 Energy (ASX:92E) share price jumps 11%, up 400% since IPO. Here’s why. appeared first on The Motley Fool Australia.

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• ASX uranium shares are booming double digits across the board on Monday. Here’s why.
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• ASX uranium shares are booming this week. Here’s why.
• The 92 Energy (ASX: 92E) share price is rocketing 44% today. Here’s why

Motley Fool contributor Kerry Sun 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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The Toro Energy Limited (ASX: TOE) share price is shooting higher this morning after a couple of key updates impacting the ASX uranium development and exploration company.

The Western Australia-focused group’s shares have surged 23.8% to 5.2 cents on Thursday morning.

We take a closer look at what could be driving today’s moves.

Why the Toro Energy share price is rocketing today

Investors might be wondering why this ASX small-cap share is climbing higher in early trade. There are a couple of factors at play. One is company-specific and the other is more of a macro consideration.

Toro this morning provided an update on its Lake Maitland Uranium Deposit study. The first phase of the re-engineering study at its key deposit has progressed.

Toro said the vanadium resource is currently “being integrated into the uranium resource block model ready for optimisation”.

Toro said the re-engineering “follows on from the success of research into beneficiation of the potential Lake Maitland uranium ore and the subsequent redesign of the processing flowsheet for a stand-alone Lake Maitland mining and processing operation”.

Investors might be thinking this seems like good news, but may not be enough to spark a 23.8% Toro Energy share price surge. That’s because the other factor, affecting ASX uranium shares more broadly, could be at play.

US President Joe Biden joined Australian and UK Prime Ministers Scott Morrison and Boris Johnson this morning. The trio announced a new, trilateral security partnership between their nations called “AUKUS”.

The deal will see Australia acquire a fleet of nuclear-powered submarines in the future. That represents a pivot away from the existing $90 billion deal with Naval Group to build an Australian submarine fleet.

This morning’s update has helped boost ASX uranium shares across the board as investors speculate on the news. There have been no indications of individual companies’ involvement at this stage.

The Toro Energy share price has rocketed 23.8% on the back of the twin updates. It is up 155% this year to date, and 410% over the past 12 months.

The company currently boasts a market capitalisation approaching $200 million.

The post The Toro Energy (ASX: TOE) share price is surging 23%. Here’s why appeared first on The Motley Fool Australia.

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• Is there a uranium ETF listed on the ASX?
• Why the Neometals (ASX:NMT) share price is surging 11% to a 52-week high
• This leading fund manager thinks these ASX shares might be buys

Motley Fool contributor Ken Hall 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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The Deep Yellow Limited (ASX: DYL) share price is racing to 8-year highs on Thursday as uranium prices continue to run higher.

At the time of writing, the Deep Yellow share price is up 4.4% to $1.30.

What’s driving uranium prices?

Uranium spot prices have skyrocketed from around US$30/lb in mid-August to US$48/lb by Wednesday, according to S&P Global Platts.

This mostly explains why the Deep Yellow share price has doubled from 60 cents on 20 August.

Uranium prices have boomed thanks to a Canadian fund aggressively buying physical uranium off the spot market.

Sprott’s Physical Uranium Trust, which began trading on the Toronto Stock Exchange in July has amassed more than 25 million pounds of uranium since inception.

According to S&P Global, Sprott received approval on Wednesday of an “expanded equity sales program that will allow the fund to acquire up to $1 billion in additional uranium in the coming months.”

Commenting on the Sprott’s uranium situation, S&P Global said:

One reason offers are rising so quickly is a dearth of currently available material. Multiple market sources have said that Sprott has acquired a lot of U3O8 for delivery in the current month, but also for delivery later as prompt material climbed in price.

The price surge has made inventories more valuable and may spur future production, uranium company officials said.

S&P Global also quoted Paul Goranson, CEO of uranium development company enCore Energy who said:

[Sprott] isn’t going to sell uranium. This is what they do with all their commodities, hold them. The only difference is, uranium is a much smaller market. They’re going to take all the cheap material off the market and sequester it for a very long time.

Deep Yellow share price snapshot

The Deep Yellow share price is up 92% in the past month and 153% year-to-date.

Deep Yellow shares have managed to climb to 8-year highs, broadly coinciding with uranium spot prices hitting 9-year highs on Wednesday.

The post Deep Yellow (ASX:DYL) share price jumps 5% to 8-year high. Here’s why. appeared first on The Motley Fool Australia.

More reading

• Is there a uranium ETF listed on the ASX?
• Why are ASX uranium shares in focus today?
• Here’s why the Deep Yellow (ASX:DYL) share price is up 50% this month
• Deep Yellow (ASX:DYL) share price surges 24% to record highs
• ASX uranium shares are booming double digits across the board on Monday. Here’s why.

Motley Fool contributor Kerry Sun 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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