Hedge Fund Managers Increase Allocations to Uranium Stocks as Demand Rises

As uranium ore trades at records highs, several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a 'green' future -- along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run.

Taken together, the uranium-friendly trends could power significant gains in the sector. ' equities could see dramatic upside -- 50%, 100%, possibly more,' Terra Capital’s Matthew Langsford told Bloomberg in a report published Sunday. Langsford has been building positions in Denison Mines Corp and NexGen Energy. Headquartered in Vancouver, BC, NexGen is exploring a new Canadian mine thought capable of producing a quarter of the world's supply.

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