GREY:SXRZF - Post by User
Post by
Mags1959on Feb 01, 2011 7:58am
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Post# 18053582
Uranium One 3% Higher in Steady Volume
Uranium One 3% Higher in Steady Volume
Uranium One 3% Higher inSteady Volume; Gains Supported by Expectations of Future Demand
Uranium One Inc. (UUU.TO) shares are up nearly 3% today, extending the stock's rally into a third day.
One apparent factor behind the rally was a mid-week forecast last week by Ux Consulting predicting a four-fold jump in uranium consumption by the Chinese over the next few years to an annual rate of 50 mln to 60 mln pounds getting used in China. Ux also notes the rapid run-up in nuclear plant construction in China, with up to 10 new facilities coming on line each year over the next decade.
Read more:
https://community.nasdaq.com/News/2011-01/uranium-one-3-higher-in-steady-volume-gains-supported-by-expectations-of-future-demand.aspx?storyid=55494#ixzz1CiBRKz7f