1drops to (lb) $56.00 [-1.50] last week.
Be careful when playing the small Cap U stocks.
2Stable Spot Prices Struggle to Boost Uranium Stocks
1 hours 31 minutes ago - Marketwire via Comtex
MarketwireUranium stocks have been on the downswing in recent weeks
following Germany's surprise announcement claiming it will shut down all
nuclear reactors by 2022. According to World Bank, Germany accounts for
about 5 percent of global uranium demand, with just 17 nuclear reactors. By
comparison, there are 104 nuclear reactors in the United States and 58 in
France. The Bedford Report examines the outlook for companies in the Uranium
Sector and provides investment research on Uranium Resources, Inc. (NASDAQ:
URRE) and Cameco Corporation (NYSE: CCJ). Access to the full company
reports can be found at:
Investors appear concerned that Germany's decision to shut down its nuclear
reactors may prompt other nations to follow. Czech President Vaclav Klaus
called Germany's withdrawal from nuclear power "absurd" and saying his
country was heading in the opposite direction.
US President Barack Obama maintains that nuclear power will play an
important role in United States energy going forward. "We're going to
incorporate those conclusions and lessons from Japan in design and the
building of the next generation of plants," he explains.
The Bedford Report releases stock research on the Uranium Sector so
investors can stay ahead of the crowd and make the best investment decisions
to maximize their returns. Take a few minutes to register with us free at
www.bedfordreport.com and get exclusive access to our numerous analyst
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Dundee Capital Markets analyst David Talbot said that Germany's move could
hurt uranium stocks in the short term as the news hits investor perception,
but argues that spot uranium prices would likely not be affected.
Uranium stocks have been facing heavy downward pressure since March
following the devastating Fukushima nuclear crisis. Reports surfaced last
month that dangerous levels of radiation have now been confirmed as far as
600 kilometres away from Fukushima.
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SOURCE: The Bedford Report