29.08.2008 - Uranium stocks - bombed out, but rising
From Mineweb.com: Bombed out as listed uranium stocks may be, this sub-sector of global resources has staged a mini-rally over the past few days, on further signs that spot uranium prices are firming, and expectations that corporate merger and acquisition activity may continue rumbling positively. Uranium oxide commodity prices were quoted at multi-year lows of USD 58/lb last month, from peaks around USD 138/lb reported in June 2007, and have recently been quoted around USD 65/lb. Dozens of listed uranium stocks have suffered stock price carnage in the wake of the halving of uranium commodity prices; Cameco, the world's biggest listed producer, is 35% off its high...... Full Article: Source
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