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In the ever-fickle world of uranium trading, a perhaps-surprising green day for the energy sector has seen enthusiasm spread to ASX-listed URMN players, despite relatively flat trading on the dominant NYMEX futures benchmark.
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At time of writing (mid-arvo Sydney time), no less than five uranium companies are in the top gainers boards: Silex, Nexgen, Paladin, Bannerman, and Peninsula.
This article will make no attempt to explain what is happening for each stock when it comes to the uranium price (it looks like a good-mood start to the year is wholly the thinking, here,) but may touch upon recent or upcoming price catalysts for each company.
It also goes without saying (nearly): Will 2026 be the year we see the uranium bull run? For real, this time? Anything’s possible.
Silex Systems
Silex (ASX:SLX) is a company focused more on uranium enrichment in refining, effectively helping the US enrich its own uranium to establish a domestic capacity.
Worth noting most of all is SILEX develops laser-based uranium refining tech, a next-gen style of approach which recently proved it could meet U.S. gov’t quality standards, which helped SILEX soar to above $9/sh in 2025.
- Price: $9.93/sh
- Intraday: +11.5%
- Market Cap: $2.67B
- Share turnover: $8.03M
Nexgen Energy
NexGen Energy (Canada) (ASX:NXG) is a Canada-based ASX-listed uranium developer currently boasting +30% 1Y returns for investors and focusing on the Rook I Project (RIP) in Canada.
Why NexGen is on the map is fairly simple calculus – it boasts the largest uranium project in Canada (at the development stage).
- Price: $15.15/sh
- Intraday: +8.5%
- Market Cap: $10.1B
- Share turnover: $4.7M
Paladin Energy
Paladin (ASX:PDN) is a well-known uranium producer to anybody who watches uranium regularly and has come to the fore as one of the ASX’s more mature uranium offerings. It towers over Boss in terms of price; over the last 12 months, it’s up north of +30%.
Paladin is by far one of the more heavily weighted uranium stocks at nearly A$4B, and in this size, the market sees safety – but, being uranium, the relative goliath can still post some fairly volatile intraday moves.
- Price: $10.86/sh
- Intraday: +7.3%
- Market Cap: $A4B
- Share turnover: $35M
Bannerman Energy
Bannerman (ASX:BMN) is another fairly well-established uranium player on the ASX, which is no stranger to large swings in either direction, whether in line with overhead uranium commodity market dynamics or not.
All stocks shown here today are sensitive to shocks in the uranium price, and unlike some other players on this list posting gains in the +30% range, Bannerman is offering 12-month investors a return of around +10%.
- Price: $3.68/sh
- Intraday: +7%
- Market Cap: $765M
- Share turnover: $5.05M
Peninsula Energy
Finally, we come to the juniors. Peninsula Energy (ASX:PEN) is one of the ASX’s more high-risk uranium stocks, given that it’s still working on production in the U.S. Or at least, it’s still proving it can – the stock was heavily sold off in 2024 as production mishaps came to haunt the company; but when Soul Pattison bought in late last year, people started paying attention.
Except now, Soul Patts is no longer a substantial shareholder – so there’s that. But Peninsula continues to climb towards a re-rate of 80c, or at least, the charts have been flirting with that level in recent history.
- Price: 74cps
- Intraday: +6.8%
- Market cap: $302M
- Share turnover: $1.06M
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