Shares of Denison (AMEX:DNN) moved up on Thursday, while Cameco (NYSE:CCJ) continues to get punished on uranium and nuclear concerns from the effects of the earthquake in Japan.
Denison may be getting action on its lower valuation, although Cameco has dropped significantly since last Friday as well. When measured by percentages, Denison has fallen the furthest, and is in a position to benefit investors quicker than Cameco, which has dropped by almost 25 percent, while Denison had dropped by over 33 percent at its five-day low.
The question is whether or not the uranium and nuclear stocks have hit their low, or there's more volatility to come.
Until the situation in Japan is clarified on the nuclear front, it'll be a up and down ride in this sector, as well as other affected by the disaster.
Cameco closed Thursday at $28.10, down $1.54, or 5.20 percent. Denison closed at $2.42, gaining $.13, or 5.68 percent.
Friday, March 18, 2011
Denison (AMEX:DNN) Rebounds, Cameco (NYSE:CCJ) Still Punished
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1 comment:
Fortuntely nuclear reactors are not built and planned for by knee jerk response politicians but by more competent individuals who realize the only way to middle east independence and green house gas reduction is through nuclear power....it also has the safer record over fossil fuel the last 40years fyi, makes for good news stories though.
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