Q: NXE
Faced with higher costs up 70 % concern of their sponsoring FCI Racing Is it a hold or Sell ? RAK
Uranium and Nuclear still looks Good Rak
Faced with higher costs up 70 % concern of their sponsoring FCI Racing Is it a hold or Sell ? RAK
Uranium and Nuclear still looks Good Rak
5i Research Answer:
Some investors are concerned by the move from NXE to sponsor Aston Martin's F1 racing team, as it is somewhat of an odd move for a uranium mining company. Although, we still feel that the nuclear industry still has plenty of potential and room to grow, and NXE, while a risky and high growth name, we fee has lots of potential left as well. It could enter a period of consolidation here, as momentum has turned slightly lower, but if it begins to see positive news flow we could see it pick back up. We would be comfortable holding here.