Uranium Stocks Explode On Surging Energy Prices

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Mon, Nov 9, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

Yahoo Finance reports uranium stocks surged higher with higher energy prices with the dollar sinking against global currencies and the Dow goes on another triple-digit upswing.

As a whole, the Uranium Stocks Index is up by 4.7% today. Despite the jump, it is currently lagging the S&P 500 by -11% over the last month.

Before the bell this morning, Lewisville, Texas-based Uranium Resources (NASDAQ: URRE – News) reported a third-quarter net loss of -$2.5 million or -4 cents a share on $1.4 million in total revenue. The stock is up by 1% today, and investors will be paying close attention to the firm’s cash management moving forward.

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Asides

  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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