The momentum in the uranium mining sector is starting to build and the next few weeks could be significant for the sector.

We’ve seen the spot price of uranium move up significantly in recent trading days.

Fundamentals are aligned in the medium to long term, with governments embracing nuclear energy again, to combat climate change. 

A note from analysts at Cantor Fitzgerald amplified market interest in the sector after they attended a major sector conference in London. 

“In the event, a buyer was to show up looking for ~1MMlb, the order probably takes 3-4 weeks to fill and gaps the price up by $10/lb,” the analysts said in a note.

The conference led to all sorts of bullish market sentiment after it appeared the world may be facing a supply issue after years of idle uranium sector investment.

Uranium Stocks Could See Parabolic Moves

According to one analyst, Joe Mazzella, a former Managing Director and Head of Commodity Index Trading for Goldman Sachs, uranium stock investing could be about to become manic. 

“The whole sector is just starting to gap and (is) going parabolic,” Mazzella said.

Mazezella is specifically focused this week Denison Mines Corp, a Toronto-based uranium exploration and development company listed on the NYSE.

Mazzella said when markets go parabolic, they can have ‘scary upsides’.

“When the markets just have that mania flow,” he said.

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