ASX Uranium stocks explode in Monday end of day trade.
The Australian uranium sector suddenly lit up in after-hours trade, as uranium mining stocks surged on massive sudden volume.
Investors in a variety of Australian Stock Exchange-listed uranium stocks were shocked to see a sudden surge in buying activity as the ASX closed for trade Monday April 3 2023.
The sector has been languishing in recent months and the apparent investor plunge will be welcome news to uranium bulls who are optimistic about the future of the sector, as the green energy transition gets under way.
Investors suspected ETFs and large institutions were behind the sudden buying surge.
ASX #uranium stocks at the close.
— Patrick Downes #NuclearEnergy advocate (@patrickadownes) April 3, 2023
Looks like ETF buying at the close. pic.twitter.com/Lxx8oaav0h
Double digit gains in uranium stocks on the ASX again today, right before close.
— Casper J. Nuclear advocate 🇩🇰 (@casperj33081634) April 3, 2023
Are ETF’s still buying🤷♂️ pic.twitter.com/rYQIBuDknQ