How did ASX uranium shares perform last quarter?

Uranium shares have been in focus this year. We take a look at how some of them fared over the March quarter.

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Key points

  • ASX uranium shares were in the spotlight last quarter
  • Global energy and climate concerns focused investors on this corner of the ASX
  • But how did uranium shares actually perform over the March quarter?

It was a wild and volatile ride for most ASX shares over the first quarter of 2022. For the three months to 31 March, the All Ordinaries Index (ASX: XAO) managed a gain, but a very small one at 0.1%. But some ASX shares did better than others. It was a similar story with ASX uranium shares.

Global energy concerns have helped push ASX shares that extract or process uranium (or hope to do so) into the spotlight. So let’s check out how some of these companies went last quarter.

Arguably the ASX’s leading uranium share is Paladin Energy Ltd (ASX: PDN). This company has a market capitalisation of close to $2.5 billion as it stands today. It has also given its investors an eye-watering return of 110% over the past 12 months. But how did it do over the first quarter of 2022?

Well, Paladin started the year at a share price of 88 cents per share. By 31 March, Paladin had fallen to 79 cents a share. That’s a rather hefty drop of 10.23%.

Ok, so not a great start to the year for Paladin. Let’s keep going.

How did other ASX uranium shares go over the March quarter?

Boss Energy Ltd (ASX: BOE) is another prominent ASX uranium share. It has also had a topsy-turvy year thus far, although long-term shareholders can’t do too much complaining over this company’s 1,700%-plus return over the past 12 months.

We saw Boss Energy start 2022 at a price of $2.25 a share. By the time the March quarter finished up, Boss was asking $2.24 a share. That’s a modest fall of 1 cent per share or 0.44%.

Turning now to another ASX uranium share in Deep Yellow Limited (ASX: DYL). Deep Yellow has also had a very successful 12 months, although not quite in the same league as Boss Energy. Since this time last year, this company has given investors a gain of around 68%.

But in terms of the three months to 31 March, Deep Yellow began the quarter at 86 cents a share. By 31 March it had risen to $1.02 a share. That’s a healthy gain of 18.6%.

Our final ASX uranium share to examine today is Vimy Resources Ltd (ASX: VMY). Vimy kicked off 2022 going for 20 cents per share. But this development company finished up in March at 27 cents per share. That’s a very healthy gain of 35% for the quarter. That makes Vimy the best-performing ASX uranium share for the March quarter on this list.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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