Uranium Energy Strikes 175M Deal To Acquire Rio Tintos Wyoming Assets
| URNJ Etf | 23.11 0.01 0.04% |
Nearly 54% of Sprott Junior's investor base is interested to short. The current sentiment regarding investing in Sprott Junior Uranium etf implies that many traders are impartial. Sprott Junior's investing sentiment shows overall attitude of investors towards Sprott Junior Uranium.
Sprott |
Uranium Energy Corp. shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plcs Wyoming assets for a purchase price of 175 million. As per the deal, the buyout includes the fully licensed Sweetwater Plant and a portfolio of uranium mining projects with around 175 million pounds of historic resources. The Sweetwater Plant, with a 3,000-ton-per-day capacity and licensed for 4.1 million pounds annually, can be adapted for both ISR and c
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Sprott Junior Fundamental Analysis
We analyze Sprott Junior's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Junior using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Junior based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Sprott Junior is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Sprott Junior Uranium Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sprott Junior etf to make a market-neutral strategy. Peer analysis of Sprott Junior could also be used in its relative valuation, which is a method of valuing Sprott Junior by comparing valuation metrics with similar companies.
Peers
Sprott Junior Related Equities
| COPJ | Sprott Junior | 1.63 | ||||
| LITP | Sprott Lithium | 1.09 | ||||
| SETM | Sprott Energy | 0.63 | ||||
| URNM | Sprott Uranium | 0.49 |
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The market value of Sprott Junior Uranium is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Junior's value that differs from its market value or its book value, called intrinsic value, which is Sprott Junior's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sprott Junior's market value can be influenced by many factors that don't directly affect Sprott Junior's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sprott Junior's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Junior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Junior's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.