URNM (ETF)22 Mar 2022 14:55
The market is expecting Aura to be entered in to URNM at the end of this month.
The rebalancing of URA wasn't such a smooth process for Uranium stocks, hence a potential reluctance of investment in to the proposed URNM entrants such as Aura until the rebalancing is complete.
It will be very interesting to see how things turn out over the next week or so considering Aura was well in to the 20s when spot price climbed in to the 50s in September, prior to entry in to both URA and URNM and prior to additional funding. With Tiris being even closer to production and spot price heading towards $60+, Aura is a coiled spring!