Wed, Oct. 14, 6:19 AM
Mon, Aug. 10, 11:58 AM
- Japan is rejoining the countries using atomic power after the Fukushima nuclear disaster more than four years ago, as Kyushu Electric Power says it will begin bringing online the No. 1 reactor at its Sendai facility on Aug. 11, start power generation as early as Aug. 14 and return it to normal operations next month.
- The move is an important de-risking event for the uranium market, says BMO Capital analyst Edward Sterck: While "Japanese utilities are sitting on significant excess inventories, the fact that these will now start to be consumed [in Japan] should ease fears of sales from inventory,” and it shows there is a regulatory restart process in Japan that actually works, which clears the way for more.
- Relevant stocks: CCJ +4.1%, DNN +5.1%, LEU -1.3%, URRE +5.7%, UEC -1.5%, URG -2.7%, UUUU +8%.
- ETFs: URA, NLR
Wed, Jun. 24, 12:45 PM
Mon, Jun. 22, 5:55 PM
- Uranium Energy (NYSEMKT:UEC) and Energy Fuels (NYSEMKT:UUUU) jumped a respective 13.1% and 9.9% in today's trade after the companies were added to the Russell 3000 and Russell Global indexes (I, II), effective after the close of trading on June 26.
- The annual reconstitution of the Russell indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market cap; membership in the Russell 3000 remains in place for one year.
Mon, Jun. 22, 9:18 AM
Fri, Jun. 19, 3:33 PM
- Uranium Energy (UEC -17.1%) responds to recent negative reports, including a recent Street Sweeper article, saying the reports have no merit and are comprised of "unfounded allegations made by a third party whose motives are questionable."
- UEC has been chopped by nearly a third since the report's release Wednesday morning.
- Separately, UEC CEO Amir Adnani disclosed a purchase today of 25K shares at $1.88 each, worth ~$47K.
Fri, Jun. 19, 12:46 PM
Thu, Jun. 18, 3:57 PM
- Uranium Energy (UEC -6.5%) is sharply lower, perhaps attributable to a negative Street Sweeper article which says "the bad news [was] buried" in the recent sale of $3M worth of uranium held in inventory.
- The sale of 80K lbs. of finished uranium raised short-term cash but the company "blew almost the entire wad," since only 4K lbs. now remain in inventory, according to the article.
- Even if UEC sold all its remaining ounces at $38/lb., $2 above current prices, it would bring only ~$152K - "that’s nothing, especially to a company that is sitting on its last few bucks and currently has no way to generate revenue," the article says.
Tue, Jun. 9, 12:23 PM
- Uranium Energy (UEC +0.9%) is started with a Buy rating and $4.20 price target at H.C. Wainwright, which calls UEC "a uranium ISR powerhouse in the making" and says the company is well positioned to ramp up production quickly should spot uranium prices continue to improve (Briefing.com).
- The firm says UEC is taking an opportunistic approach with selling uranium given lower spot prices; in addition to no existing long-term contracts, the firm believes the strategy provides UEC with significant leverage to spot uranium prices going forward.
Tue, Jun. 9, 6:10 AM
Mon, Apr. 27, 9:18 AM
Fri, Apr. 24, 5:37 PM
Fri, Apr. 24, 9:17 AM
Wed, Apr. 22, 12:30 PM
- Uranium names are showing notable strength today following yesterday's ruling in Japan that will allow the Sendai nuclear plant to reopen, which would be the first plant to be reopened since the Fukushima disaster: CCJ +6.8%, DNN +5.6%, LEU +10.3%, URRE +4.5%, UEC +5%, URZ +2.6%, URG +1%, UUUU +1.7%.
- The news is positive for the nuclear industry to the extent that authorities in Japan have not given up on the energy source despite Fukushima.
- China is pushing for more nuclear power, with the government reportedly approving eight new nuclear power projects.
- A MarketWatch article paints a bright picture of the nuclear industry, with uranium prices rising ~35% since last summer and improving public opinion; "China and India believe that the upside from the clean energy from nuclear far outweighs the downside risks of sticking to dirty coal,” says GoldStockTrades.com editorJeb Handwerger.
- Last week, CCJ signed a deal with India to provide 7.1M lbs. of uranium concentrate over the next five years.
- ETFs: URA, NLR
Mon, Apr. 20, 12:47 PM
Thu, Mar. 12, 6:14 AM
Uranium Energy Corp is engaged in uranium mining and related activities including exploration, pre-extraction, extraction and processing on uranium projects located in the United States and Parguay.
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