Resource Capital Research announced a report evaluating uranium companies for the June quarter of 2012.
As quoted in the press release:
- The Merrill Lynch Uranium Equity Index is down 26% in the last 3 months reflecting general uncertainty in global equity markets.
- The emergence of strong strategic investor support and acquisition activity in the uranium sector reinforces the midterm positive outlook, including the recent shelf filing by Cameco to raise C$1bn.
- ERA is up 5% over the past month, and has had positive performance over the past 9 months (+18%). The company is rebuilding value through exploration, operational and corporate initiatives.