🔴 Global Uranium ETF (URNM.AX) is trading 4.52% down after uranium-miner profit-taking

URNM.AX is trading at A$10.77 (-4.52%), reflecting profit-taking across uranium-miner equities after August’s strong rebound.

• Uranium pricing weakened near US$89.85/lb, alongside a sharp fall in U.S.-listed URNM.
• Rising geopolitical tensions after U.S.-Iran military action pushed oil higher and weakened broader risk appetite, adding pressure to resource-sector equities.