URNJ: Favorable Risk-Reward, With Good Long-Term Prospects

I initiate coverage on Sprott Junior Uranium Miners ETF (URNJ) with a buy, citing strong structural tailwinds for uranium, uranium miners, and favorable technicals. URNJ offers high-beta exposure to a global basket of junior uranium miners, benefiting from rising uranium prices and increased exploration incentives. The ETF provides diversification benefits, potential upside from USD weakness, and is currently trading near technical support while still trading above its 200DMA.