URRE
Will These Uranium Stocks Keep Surging?
The Bedford Report Provides Analyst Research on Uranium Resources, Inc. & Uranerz Energy Corporation
Related Quotes
| Symbol |
Price |
Change |
| URRE |
2.56 |
-0.11 |
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Press ReleaseSource: The Bedford ReportOn Friday November 12, 2010, 11:42 am EST
NEW YORK, NY--(Marketwire - 11/12/10)- Uranium stocks have been surging as of late. Last month Uraniumposted a 10% gain in just one week to around $52 per pound. According tothe Global X Uranium ETF, which started trading earlier this month,uranium provides about 16% of the world's electricity. Uranium bullsbelieve that the radioactive element is a clean resource alternative forelectric generation. One pound of uranium can generate as much energyas 20,000 pounds of coal, and leaves behind a fraction of the carbonfootprint. The Bedford Report examines the emerging Uranium Industry andprovides research reports on Uranium Resources, Inc. (NASDAQ:URRE - News) and Uranerz Energy Corporation (AMEX:URZ - News). Access to the full company reports can be found at:
www.bedfordreport.com/2010-11-URRE
www.bedfordreport.com/2010-11-URZ
Uraniumis a primary component in the production of nuclear energy. A massivedemand increase in nuclear energy is expected in future years with theNuclear Energy Agency estimating that the number of nuclear reactors togenerate electricity around the world is expected to grow by over 130percent over the next 40 years. At the moment China operates 11reactors, and has 28 under construction; in the U.S., 104 are inoperation.
The Bedford Report releases regular market updates onthe blossoming uranium industry so investors can stay ahead of the crowdand make the best investment decisions to maximize their returns. Take afew minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Withuranium prices surging, investors have turned their attention to theuranium miners. Investors in uranium miners are banking on risingearnings, as gold prices rise, to provide value. Earlier this week,Uranium Resources posted a third quarter loss of 4 cents a share,compared with a loss of 4 cents a share in the year ago period. OnNovember 4th, the company signed a deal with Cameco for an exploratoryproperty in south Texas. Cameco and Uranium Resources have also agreedon an option for a joint venture on the property.
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