Silex Trades Higher After Licensee Achieves Technology Readiness, Euroz Says

MT Newswires Live10-24

Silex Systems (ASX:SLX) trades higher after Global Laser Enrichment, the exclusive licensee of the SILEX uranium enrichment technology, achieved Technology Readiness Level 6, according to a Thursday note by Euroz.

Euroz believes that the company's upcoming catalysts, including the arrival of up to $900 million in funding under Task Order 2 of the US Department of Energy's low-enriched uranium enrichment acquisition program, are not a "hard task" after the Global Laser Enrichment milestone.

The firm has a speculative buy rating on Silex while its price target of AU$7.30 is under review.

Shares of the company rose 11% in Friday's trade and earlier hit a 52-week high.

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