Shares of Denison Mines and Uranium Resources Face Strong Downward Pressure
September 30 2011 - 8:16AM
Marketwired
Uranium stocks have struggled this month as prices for the
radioactive material have plunged. According to the latest
quarterly report by Resource Capital Research, uranium prices are
down 27 per cent over the past three months and 23 per cent over
the past year. The Paragon Report examines investing opportunities
in the Uranium Industry and provides equity research on Denison
Mines Corporation (NYSE Amex: DNN) (TSX: DML) and Uranium
Resources, Inc. (NASDAQ: URRE). Access to the full company reports
can be found at:
www.paragonreport.com/DNN
www.paragonreport.com/URRE
Analyst group Resource Capital Research says the dynamics
driving the sector have changed in the aftermath of the meltdown,
with Germany planning to close all 17 of its nuclear power reactors
by 2022.
In the long term, prospects look brighter as China and the
United States drive the future of nuclear energy. China's long-term
planning agency announced that by 2020 it intended to raise nuclear
power's share of the country's total energy production to 112
gigawatts, or 7 percent, up from the previous target of 70
gigawatts. China's nuclear growth plan had come into question
following the tragic earthquake and nuclear disaster in Japan
earlier this year.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Uranium Industry register with us free
at www.paragonreport.com and get exclusive access to our numerous
stock reports and industry newsletters.
Uranium explorers that suffered double-digit share price
percentage falls in the past one to three months include Cameco,
Denison Mines, Uranium One and Paladin.
Denison Mines Corp. is an intermediate uranium producer with
production in the U.S., combined with a diversified development
portfolio of projects in the U.S., Canada, Zambia and Mongolia. The
Company recorded a net loss of $13,749,000 or $0.04 per share for
the three months ended June 30, 2011 compared with net income of
$16,744,000 or $0.05 per share for the same period in 2010.
Uranium Resources Inc. explores for, develops and mines uranium.
Since its incorporation in 1977, URI has produced over 8 million
pounds of uranium by in-situ recovery (ISR) methods in the state of
Texas where the Company currently has ISR mining projects. For the
quarter that ended June 30, Uranium Resources said its net loss was
$2.7 million, or 3 cents a share, compared with a net loss of $1.72
million, or 3 cents a share, in the year-ago quarter.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
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