Monday, April 25, 2011

UR Energy (URG) (URRE) (NLR) (SO) Trade Mixed as Nuclear Looks for Clarity

Shares of uranium and nuclear companies like Uranium Resources, Inc. (NASDAQ:URRE), UR Energy (AMEX:URG), Market Vectors Nuclear Energy E (NYSEArca:NLR) and Southern Company (NYSE:SO) are trading mixed after the initial shock of the nuclear challenges in Japan from the earthquake have started to slowly wind down.

The headline silliness that the nuclear sector is going to be abandoned and replaced by other so-called "green" energy is ludicrous, 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 obvious the industry will go over safety measures to ensure the highest safety levels possible, the idea of taking an extremely rare occurence like an 8.9 earthquake as the worst case scenario isn't going to happen, even though the industry will be safer and better for making any improvements they can.

Southern Company closed Thursday at $38.55, gaining $0.07, or 0.18 percent. Market Vectors Nuclear Energy E closed at $22.98, down $0.06, or 0.26 percent. UR Energy ended the day at $1.66, up $0.02, or 1.22 percent. Uranium Resources, Inc. closed at $1.95, falling $0.01, or 0.51 percent.

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