With the sruuf stock price hovering around $48, some hedge funds are increasing positions ahead of anticipated government tech spending policies. Seasonal trends could further fuel upside into Q (NYSE: NXE )'s potential in its Q2 2024 investor letter . NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium exploration and development company. Greenwood Investors said that Nexgen Energy Ltd. (NYSE:NXE) is gaining momentum after a long preparation period, leading up to a pivotal year in 2024. Nexgen Energy Ltd. (NYSE:NXE)'s Arrow deposit could transform uranium mining, similar to Saudi Arabia's impact on oil, due to its strong economics. With uranium prices now over $100 per pound, Arrow's full operation could generate over $1.6 billion in free cash flow, while Nexgen Energy Ltd. (NYSE:NXE)'s current fully diluted market cap is $4.6 billion. Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto , New York , Connecticut and California and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "SII". For more information, please visit www.sprott.com . Sruuf stock price rose 2% in tandem with positive macro news on consumer confidence. Analysts forecast sustainable growth momentum if inflation remains within the Fed’s comfort range.
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