URNM.AX is trading at A$8.43, up 3.69%, as uranium miners rebounded after a sharp selloff, with oversold names recovering as U.S. yields eased and broader markets turned higher.

  • The bounce is a counter-move amid pressure from hotter-than-expected September CPI at 3.7% and renewed Fed rate-hike concerns.
  • Uranium spot remained near US$90/lb, so the move appears driven more by equity sentiment than a surge in uranium prices.