Cameco and Denison Mines on the Upswing as Japan Restarts Two Nuclear Reactors
July 06 2012 - 8:20AM
Marketwired
Uranium stocks have been on the upswing recently as Japan has
restarted their first nuclear reactor since the Fukushima disaster.
The Global X Uranium ETF (URA) -- the first ETF to track companies
involved in uranium mining -- has rebounded over 12 percent in the
last month. Five Star Equities examines the outlook for companies
in the Uranium Industry and provides equity research on Cameco
Corporation (NYSE: CCJ) (TSX: CCO) and Denison Mines Corp. (NYSE:
DNN) (TSX: DML).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CCJ
www.FiveStarEquities.com/DNN
Uranium stocks were hit hard in 2011 after a Japanese earthquake
and tsunami triggered the worst atomic disaster in 25 years.
Following the incident Japan shutdown all 50 of their nuclear
reactors, which were responsible for approximately 30 percent of
the nation's electricity. Last week the Japanese government
approved to restart the No. 3 and No.4 Ohi units in western
Japan.
The "restart of the Japan reactors is likely to be the
triggering event to start an upward movement in uranium prices and
uranium stocks," said Steve Laflin, president and CEO of
International Isotopes.
Five Star Equities releases regular market updates on the
Uranium Industry so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
minutes to register with us free at www.FiveStarEquities.com and
get exclusive access to our numerous stock reports and industry
newsletters.
Cameco is one of the world's largest uranium producers
accounting for about 16% of the world's production from its mines
in Canada and the US. Their leading position is backed by about 435
million pounds of proven and probable reserves and extensive
resources. Shares of the company have rebounded nearly 18 percent
in the last month.
Denison Mines is a uranium exploration and development company
with interests in exploration and development projects in
Saskatchewan, Zambia and Mongolia. As well, Denison has a 22.5%
ownership interest in the McClean Lake uranium mill, located in
northern Saskatchewan, which is one of the world's largest uranium
processing facilities.
Five Star Equities provides Market Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. Five Star Equities has not been compensated by any of the
above-mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
www.FiveStarEquities.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Five Star Equities Email Contact
Denison Mines (TSX:DML)
Historical Stock Chart
From Sep 2024 to Oct 2024
Denison Mines (TSX:DML)
Historical Stock Chart
From Oct 2023 to Oct 2024