Comment: No to uranium mining and milling! Hope the price of U falls in the toilet with all the uranium mining companies!
On Friday March 11, 2011, 11:46 am EST
Despite the fact that most of the headlines pertaining to the group lately have been either neutral or good, the uranium sector has been getting punished by investors as highlighted by a 20% drop for the Uranium Stocks Index in the past month. The uranium sector's pain is being extended to day with a 0.8% decline for the Index.
Shares of Denison Mines (AMEX: DNN - News) are lower by 1% even after the company reported a smaller fourth-quarter loss.
Things aren't much better for Uranium Resources (NASDAQ: URRE - News) and Uranerz Energy (AMEX: URZ - News), which are down 5% and 3%, respectively. Cameco (NYSE: CCJ - News), the largest publicly traded uranium miner listed in the U.S., is up 1% as is Uranium Energy (AMEX: UEC - News).
Read more:
http://finance.yahoo.com/news/Denisons-Decent-News-Cant-indie-2553603433.html?x=0&.v=1
