Sprott Physical Uranium Trust Fund (OTCMKTS:SRUUF – Get Free Report) shares rose 5.4% during mid-day trading on Friday . The company traded as high as $20.3880 and last traded at $20.21. Approximately 1,180,527 shares changed hands during trading, an increase of 101% from the average daily volume of 587,876 shares. The stock had previously closed at $19.1670.
Sprott Physical Uranium Trust Fund Price Performance
The business’s fifty day moving average price is $18.89 and its 200 day moving average price is $19.69.
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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