Uranium miners have continued to battle falling uranium prices in 2013. Prices for the commodity have fallen approximately 22 percent in 2013, nearing eight-year lows. The Global X Uranium ETF (NYSEARCA: URA) is down approximately 18.0 percent year-to-date. Like all commodities, uranium has faced downward pressure due to slow global economic growth, but has also continued to face antinuclear politics. "You're not dealing with a commodity like copper or gold," said Jeff Wright from H.C. Wainwright & Co. "This is not only an extremely volatile commodity, but a volatile business. It only takes one headline, somewhere in the world, and 15 years of work is gone down the drain."
Cameco Corporation (NYSE: CCJ)(TSX: CCO) shares traded in the range of $20.09 to $20.69 Wednesday before settling to close at $20.29, a decrease of 1.46 percent. The stock appears to be facing some resistance at the $20.56 and $20.81 levels with some support at $20.07. Shares of Cameco have gained approximately 2.9 percent in 2013.
More information on Cameco and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CCJ
Denison Mines Corp. (NYSEMKT: DNN)(TSX: DML) shares traded in the range of $1.17 to $1.20 Wednesday before settling to close at $1.20, an increase of 1.69 percent. The stock appears to be facing some resistance at the $1.20 and $1.24 levels with some support at $1.18. Shares of Denison Mines have fallen approximately 4.0 percent in 2013.
More information on Denison Mines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DNN
Uranium Resources, Inc. (NASDAQ: URRE) shares traded in the range of $2.79 to $2.95 Wednesday before settling to close at $2.86, an increase of 2.88 percent. The stock appears to be facing some resistance at the $3.03 and $3.42 levels with some support at $2.72. Shares of Uranium Resources have fallen approximately 10.0 percent in 2013.
More information on Uranium Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/URRE
USEC Inc. (NYSE: USU) shares traded in the range of $11.11 to $12.12 Wednesday before settling to close at $11.15, a decrease of 3.96 percent. The stock appears to be facing some resistance at the $11.50 and $12.92 levels with some support at $10.25. Shares of USEC have fallen approximately 16.0 percent in 2013.
More information on USEC and access to the free equity report can be found at:
www.WallStreetFundamentals.com/USU
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