Bannerman Energy Ltd's stock soared 5.09% during intraday trading on Tuesday, following a positive broker note highlighting uranium equities.

Canaccord Genuity recommended adding exposure to uranium stocks, citing energy security concerns and potential undervaluation. The broker specifically highlighted Bannerman Energy among Australian uranium companies as having positive catalysts and torque in the sector.

The note pointed out that current share prices imply uranium values below term prices and the broker's long-term forecast, suggesting upside potential for selected uranium equities including Bannerman Energy.