Specialised ASX uranium shares are having a bumper start to 2021. For example, Paladin Energy Ltd (ASX: PDN), Boss Energy Ltd (ASX: BOE), and Deep Yellow Limited (ASX: DYL) are currently trading around 93%, 79%, and 57% higher, respectively, since the first trading day of the year.
The only exception is Energy Resources of Australia Ltd (ASX: ERA), an ASX-listed company 68% owned by Rio Tinto Limited (ASX: RIO). This company shut down its only uranium operation, the Ranger Uranium Mine, in January this year. Subsequently, its share price has decreased by around 35% in 2021.
So, why are shareholders of operating ASX uranium miners seeing an incredible return on investment (ROI) in 2021? Let’s take a look.