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CategoryBKY

Berkeley Energia, recent weakness in share price. Is it still a buy?

I covered Berkeley Energia (BKY) back in October 2016 and it has regrettably been one of my most disappointing tips since I started writing on this website. Back then I tipped the share at 48p with a target of 80p. As at today, May 14th 2017 the share price still sits around the tip price, at 51p. The share did actually react strongly through to the end of January 2017, touching an intra day high of 71p, since then the price has been on a downwards trend, reaching a low of 41p last week, despite rallying strongly again since. In this piece I take a look at what has happened since my initial tip and try to assess whether I still expect the Berkeley share price to go nuclear…

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BKY Shares off 40% since recent high. MD Paul Atherley addresses in new video.

Soon to be uranium miner Berkely Energia shares have come off a fair bit since the recent intra day high of 71p in late January 2017. The shares are sharply trading down at 43p as I write, a 40% fall. CEO Paul Atherly explains the potential reason for the fall back in the price, i.e. inline with current Uranium spot price. He also goes on to explain why short term movements in spot price are perhaps irrelevant to the current valuation.

Berkeley Energia – Atomic rise set to continue?

Berkeley Energia the company focused on bringing its flagship Salamanca Uranium Project in Western Spain into production has enjoyed a cracking 12 months. The shares have increased 122% during the period capitalising the company at £88m at 48p a share. However with Uranium prices cratering to a 11 year low to $24.4 per lb, is it really a good time to develop an Uranium mine?