🔴 Uranium ETF (URNM.AX) is trading 4.24% down amid broad uranium-equity selling

URNM.AX is trading at A$8.13, down -4.24%, amid broad uranium-equity selling.

• Reports cited weakness across uranium equities despite spot uranium near US$90/lb.
• Hot U.S. inflation revived rate-hike concerns, pressuring risk-sensitive shares; Energy Fuels’ potential share sales and Paladin’s production miss also weighed on the group.
• These pressures align with the decline, but no verified URNM.AX-specific catalyst was found.