Shares of Sprott Physical Uranium Trust Fund (OTCMKTS:SRUUF – Get Free Report) dropped 1.4% on Friday . The stock traded as low as $19.38 and last traded at $19.40. 213,165 shares traded hands during trading, a decline of 63% from the average session volume of 569,326 shares. The stock had previously closed at $19.67.
Sprott Physical Uranium Trust Fund Price Performance
The company’s 50-day moving average is $19.31 and its 200-day moving average is $19.59.
About Sprott Physical Uranium Trust Fund
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.
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