The Uranium stock sector had been down on the mat for months in spite of the above and even took a deeper dive into October.

There are a few different recent key pivot points for the broad market, the intra-day high on September 18th being the most obvious one – but we'll look at October's month-to-date (MTD) data for this quick screen.

Uranium Participation Corp (U.TO) is trading higher than its Net Asset Value (NAV), which means the company as a whole is trading at a premium to what it would be worth if all the U3O8 and UF6 were sold at spot and distributed to shareholders.

The Global X Uranium fund was sold at very over bought levels into building Ukraine hysteria. Today it is bought back at a level we noted several weeks ago as a buy back opportunity in the 16′s.

The uranium mining business has some unique global challenges. Namely, that the industry cost curve is much more warped than for any other metal.

We got one of the biggest rallies in years for uranium stocks yesterday because Japan is officially sticking with nuclear as part of its energy mix.