Uranium shares higher as Abe takes firmer stance on Fukushima

|By:, SA News Editor

USEC (USU +12.7%), Uranium Resources (URRE +7.2%) and some other uranium peers (URA) are moving amid news that the Fukushima Dai-Ichi nuclear facility is still leaking radioactive groundwater into the Pacific Ocean.

StreetInsider.com says positive sentiment may stem from comments by Japan PM Abe, who says the leakage is an urgent problem that must be addressed by a government strategy and not left solely to Tepco (TKECY.PK).

Fukushima is leaking ~300 tons/day of radioactive water into the ocean, Japan's economy ministry says.