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Share price plummets because of Uranium One’s risky deal with Russia

Uranium One shares dive as Russia deal questioned  Reuters, Jun 9, 2010 Shares tumble 11 pct one day after Russian deal  State-owned ARMZ to take controlling stake in company* Analysts cite rising risk, wonder about approval.By Cameron FrenchTORONTO,  – Uranium One (UUU.TO) shares deepened their slide on Wednesday, a day after the company agreed to sell a controlling stake to Russia‘s state-owned nuclear company, with some analysts cutting share-price targets and questioning whether the deal will be approved….. Uranium prices have been in decline since hitting a record high in 2007, and were at $40.75 a pound this week… UPDATE 1-Uranium One shares dive as Russia deal questioned | Reuters

June 10, 2010 - Posted by Christina Macpherson | business and costs, Russia | antinuclear, nuclear, nuclear costs, nuclear spin, uranium