Uranium companies exploded upward Friday, taking back much of the losses after temporary concerns over uranium demand in light of possible slowdown in the nuclear industry.
Shares of Ur Energy Inc. (AMEX:URG), Uranium Resources, Inc. (Nasdaq:URRE), Uranium Energy Corp. (AMEX:UEC), Cameco Corp. (NYSE:CCJ), Uranerz Energy Corp. (AMEX:URZ) and Denison Mines Corp. (AMEX:DNN) up all soared on the day.
Those bold and wise enough to pour their money into the companies after the sell off have made a lot of money, as the stocks were considered oversold as most countries reiterated their commitment to a nuclear strategy to help meet energy needs.
Denison closed Friday at $2.61, gaining $0.19, or 7.85 percent. Uranerz Energy Corp. closed at $3.10, up $0.23, or 8.01 percent. Cameco closed at $29.40, up $1.30, or 4.63 percent. Uranium Energy Corp. ended the day at $4.28, gaining $0.44, or 11.46 percent. Uranium Resources closed at $2.17, rising $0.54, or 33.13 percent. Ur Energy Inc. closed the session at $1.70, up $0.26, or 18.06 percent.
Monday, March 21, 2011
Uranium (CCJ)(URZ)(DNN)(URG)(URRE)(UEC) Sees Big Rebound Friday
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2 comments:
Urunium stocks are up also today, Monday.
Why not? only China, Germany, Switzerland suspended their nuclear plans and Japan nuclear crisis is still open.
Only fools believe politicians saying they will suspend their nuclear programs. These opportunist politicans are just scoring some short term political gain with the gullible Left.
China, Russia and India will build 100 reactors over the next 20 years despite the Japan disaster, long after these politicans are gone and in light of the Left's delusional suggestion we meet our energy demands with wind power. Too bad Western leaders were not planning ahead like the Brick countries, I suppose that's why they are such a mess
with leaders and citizens opposing nuclear power.
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