Denison (DNN), Paladin (PALAF), Uranium Energy (UEC), Uranium Resources (URRE), Ur-Energy (URG), USEC (USU) Down on Uranium Demand Uncertainty

Uranium demand fears pushed down stocks like Denison Mines Corp. (AMEX:DNN), Paladin Energy Ltd. (OTC:PALAF), Uranium Energy Corp. (AMEX:UEC), Uranium Resources (NASDAQ:URRE), Ur-Energy Inc. (AMEX:URG) and USEC Inc. (NYSE:USU), as expectations there could be a period of slowing growth hitting the industry as the Japan nuclear scenario plays itself out.

This will happen more in the West than it will in countries like China, which has already said the earthquake in Japan won't have any effect on their plans for a nuclear energy future.

Denison closed Tuesday at $2.37, dropping $0.18, or 7.06 percent. Uranium Energy fell to $3.74, losing $0.18, or 4.59 percent. Uranium Resources Inc. closed the session at $1.58, lower by $0.17, or 9.71 percent. Ur-Energy Inc. fell by $0.23, to end the day at $1.59, down 12.64 percent. Paladin was down to $3.45, losing $0.3379, or 8.92 percent. USEC closed out at $4.36, down $0.23, or 5.01 percent.