Sprott Physical Uranium Trust Fund (OTCMKTS:SRUUF) Stock Price Up 2.9% – What’s Next?

Sprott Physical Uranium Trust Fund (OTCMKTS:SRUUF)’s share price shot up 2.9% on Wednesday . The stock traded as high as $21.25 and last traded at $21.12. 691,022 shares were traded during trading, a decline of 34% from the average session volume of 1,039,357 shares. The stock had previously closed at $20.52.

Sprott Physical Uranium Trust Fund Price Performance

The business’s fifty day moving average is $20.54 and its two-hundred day moving average is $19.00.

Sprott Physical Uranium Trust Fund Company Profile

Sprott Physical Uranium Trust Fund (OTCMKTS: SRUUF) is a closed-end investment trust designed to provide investors with direct exposure to the price of physical uranium. The Trust acquires and holds U3O8 (uranium concentrate) in secure, licensed storage facilities located in North America. By investing solely in physical uranium, SRUUF aims to offer a pure play on uranium market dynamics without the complexities associated with mining operations or commodity futures contracts.

Launched in July 2021 by Sprott Asset Management LP, a division of Sprott Inc, the Trust was established in response to growing investor interest in nuclear energy and anticipated supply deficits in global uranium markets.