nuclear-news

Gloom continues for uranium prices

Are uranium stocks oversold?Despite a breezy longer term outlook, the sector has been on the backburner for months, if not years. Mineweb,  Barry Sergeant , 09 Apr 2010 JOHANNESBURG – Relative to most mining subsectors, listed uranium stocks have rendered a poor performance, for some years now, inviting examination as to whether this area is oversold. Commodity pricing here moves in a disjointed way, with little relation to variables such as the value of the dollar……

Canada’s Cameco  , the global bellwether in the relatively small uranium sector, saw its stock price fall from around CAD 60.00 in mid-2007 to close on CAD 15.00 towards the end of 2008. The stock is currently around CAD 27.00 a share, leaving buy-and-hold investors which bought the stock across 2006 and 2007 deeply in the red.     ………..equity pricing indicates that investors are hardly happy with potentially fuzzy estimates, and the timeframes involved. On the contrary, investors have been taking uranium equities profits off the table, and pushing them into hotter near term stories such as coal and iron ore.

April 10, 2010 - Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, nuclear costs, uranium