Vimy Resources is a "speculative buy" with a price target of 70¢ at Canaccord and an "add" recommendation with a 51¢ target price at Morgans as they initiate coverage on the uranium explorer.
Canaccord says: "The forecast increases in demand for U3O8 bode well for Vimy Resources (VMY:ASX), which has just completed a Pre-Feasibility Study (PFS) on its Mulga Rock uranium project in Western Australia.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
