Global X Uranium Index ETF (TSE:HURA) Shares Up 3.6% – Time to Buy?

Global X Uranium Index ETF (TSE:HURA)’s stock price shot up 3.6% during mid-day trading on Thursday . The company traded as high as C$59.27 and last traded at C$59.27. 5,450 shares changed hands during trading, a decline of 24% from the average session volume of 7,166 shares. The stock had previously closed at C$57.23.

Global X Uranium Index ETF Stock Performance

The stock has a 50 day simple moving average of C$48.73 and a 200-day simple moving average of C$39.38.

Global X Uranium Index ETF Company Profile

To achieve HURA’s investment objective, HURA invests and holds equity securities of the Constituent Issuers in substantially the same proportion as its Underlying Index. HURA seeks to replicate, to the extent possible, the performance of the Solactive Global Uranium PurePlay Index, net of expenses. The Solactive Global Uranium PurePlay Index is designed to provide exposure to the performance of a basket of issuers which (a) are primarily involved in the uranium mining and exploration industry, or (b) invest and participate directly in the physical price of uranium.