Shares of uranium and nuclear companies Uranium Energy (AMEX:UEC), Ur-Energy Inc. (AMEX:URG), Crosshair Expl & Mining (AMEX:CXZ) and Uranium Resources, Inc.(URRE) are trading mixed after the early shock of the nuclear disaster in Japan from the earthquake are gradually winding down.
The headlines that imply that somehow the nuclear sector was going to be cut and replaced by other so-called "green" energy is nonsense, as solar and wind turbines are a poor and unpredictable source of energy, and will never be able to supply, or come close to supplying the growing energy needs of the world.
While it's a no brainer the industry will go over safety measures to ensure the highest safety levels possible, to use a rare occurence like an 8.9 earthquake as the worst case scenario isn't going to happen in the nuclear industry, even though the sector will be safer and better for making any improvements they are able to.
Uranium Resources, Inc. closed Tuesday at $1.95, level with Monday's close. Crosshair Expl & Mining closed at $0.97, dropping $0.036, or 3.56 percent. Uranium Energy ended the trading day at $3.78, down $0.17, or 4.30 percent. Ur-Energy Inc. closed at $1.58, down $0.05, or 3.07 percent.
Wednesday, April 20, 2011
Crosshair (CXZ) (UEC) (URG) (URRE) Trade Mixed as Nuclear Settles Down
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment