How did ASX uranium stocks perform last quarter?

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It’s been a wild and volatile ride for most ASX stocks during the first quarter of 2022. For the three months through March 31, the Index of all ordinaries (ASX:XAO) managed a gain, but a very small one at 0.1%. But some ASX stocks did better than others. It was a similar story with ASX uranium stocks.

Global energy concerns have helped put ASX stocks that mine or process uranium (or hope to do so) in the spotlight. So let’s take a look at how some of these companies fared last quarter.

It can be said that the main share of uranium in the ASX is Paladin Energy Ltd. (ASX: PDN). This company has a market capitalization of nearly $2.5 billion as of today. It has also offered its investors a stunning return of 110% over the past 12 months. But how did it go in the first quarter of 2022?

Well, Paladin started the year at a price of 88 cents per share. As of March 31, Paladin was down to 79 cents per share. That’s a pretty significant drop of 10.23%.

Ok, so not a great start to the year for Paladin. Let’s go on.

How did other ASX uranium stocks fare in the March quarter?

Boss Energy Ltd. (ASX:BOE) is another important part of ASX uranium. It’s also had a topsy-turvy year so far, though long-term shareholders can’t complain too much about this company’s return of more than 1,700% over the past 12 months.

We saw Boss Energy start 2022 at a price of $2.25 per share. At the end of the March quarter, Boss was asking $2.24 per share. That’s a modest decline of 1 cent per share or 0.44%.

Now let’s move on to another ASX uranium share in Limited Deep Yellow (ASX:DYL). Deep Yellow also had 12 months of success, but not quite in the same league as Boss Energy. Since this time last year, this company has provided investors with a gain of around 68%.

But in terms of the three months to March 31, Deep Yellow started the quarter at 86 cents per share. As of March 31, it had risen to $1.02 per share. That’s a nice gain of 18.6%.

Our final ASX Uranium share to review today is Vimy Resources Ltd. (ASX: VMY). Vimy launched 2022 at 20 cents per share. But that development company ended March at 27 cents per share. That’s a very healthy 35% gain for the quarter. This makes Vimy the best performing ASX uranium share for the March quarter on this list.

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