Best Uranium Stocks ASX To Buy In 2022

Best Uranium Stocks ASX To Buy: The uranium market has soared over the past year in 2021, but uranium stocks are still doing very well in 2022. There are more than 50 ASX uranium companies that are actually uranium miners or have links to uranium production.

Here you will find some best Uranium stocks ASX to buy.

Best uranium stocks asx	ASX codes
Peninsula Energy	ASX: PEN
Paladin Energy	ASX: PDN
Energy Resources Of Australia	ASX: ERA
Core Lithium Ltd	ASX: CXO
Anson Resources Ltd	ASX: ASN

1. Peninsula Energy

Peninsula Energy is a uranium mining and development company. PEN stock price has been slipping since the beginning of this year. This means that uranium production has recovered 121% since the start of the year. In addition to rising uranium prices, Peninsula recently provided an update on its flagship Lance uranium project in the United States.

The company continued the demonstration of MU1A at low pH on the project for more than a year. In addition, the Company purchased 300,000 pounds of uranium at $31.35 per pound after raising $15 million in capital earlier in the year. At the moment of writing, PEN is trading at 25.5 cents, 37% below its 2-year high.

2. Paladin Energy

Paladins are involved in uranium production. He works on various projects in Australia and Africa. Uranium stocks on the ASX have been in the spotlight after uranium prices jumped more than 60% to over $50/lb over the past month.

Uranium stocks on the ASX are trying to take advantage of the recent price rally. Paladin Energy is riding this wave and is considering restarting the “world-significant” Langer Heinrich project.

3. Energy Resources Of Australia

ERA is engaged in mining, processing and selling uranium oxide. The company operates the Ranger uranium mine. Ranger’s mining operations infrastructure is located within the 79-square-kilometer Ranger project area, which is eight kilometers east of Jabiru and 260 kilometers east of Darwin.

ERA same as the other ASX uranium shares suffered from a sharp pullback in the beginning of this week. Nevertheless, Energy Resources is still capped on the upside.

4. Core Lithium Ltd

Mainstream lithium, made across the moon in 2021 and through 2022, dominates the industry. CXO is primarily a lithium producer but also mines uranium with the Fitton Uranium Project in South Australia and has a number of uranium jobs in the NT. As of writing, CXO is trading at A$1.02 with a 52-week low of A$0.21 and a high of A$1.11.

According to Morningstar’s Quantitative Fair Value, ASX:CXO is trading at $1, which CXO has already achieved. As a personal creditor and shareholder of CXO, we predict the price of CXO will be above $1.5 by the end of 2022.

5. Anson Resources Ltd

This company was founded in 2009 and deal with various resources such as copper, lithium, nickel. They also have Uranium projects one of their main uranium project is Yellow Cat Vanadium-Uranium project.

While writing this, price of ASN was trading at $0.11 AUD with an 52 week low of $0.04 AUD and high of $0.18 AUD. As per Morningstar Quantitative Fair value of ASX:ASN is $0.17 AUD. So, in 2022 we can see that ASN might break its high and make new high.