Wed, May 13, 9:10 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
Thu, Mar. 19, 8:05 AM
Tue, Mar. 3, 3:57 PM
- Uranium Resources (URRE -13.3%) is sharply lower on plans for a securities purchase agreement with institutional investors to sell 4M common shares and warrants to purchase 2.2M common shares.
- The securities will be sold at $1.50/unit, with each unit consisting of one common share and a warrant to purchase 0.55 shares at an exercise price of $2.00/whole share.
- URRE plans to use the proceeds to fund ongoing business activities, including an $800K exploration drilling program in South Texas, reclamation work, capital expenditures, working capital and other general corporate purposes.
Tue, Mar. 3, 12:45 PM
Nov. 24, 2014, 2:37 PM
- Uranium prices have reversed recent gains, plunging $6/lb. (~13.5%) to $38 over the past week in their biggest weekly drop since 1996.
- TD Securities' Greg Barnes thinks the current volatility is more reflective of trader positioning in a thinly traded market than utilities exhibiting strong fundamental demand; the analyst is not convinced that the rapid drop will be enough to trigger a wave of buying by utilities.
- Uranium names are broadly lower today: CCJ -3%, DNN -3.8%, UEC -1.6%, URG -5.7%, URZ -4.4%, UUUU -1.5%, URRE -0.4%.
- ETFs: URA, NLR, NUCL
- Earlier: Uranium spot prices could pass $50/lb. in next 12 months, analyst says
Nov. 13, 2014, 11:15 AM
- Uranium Resources (URRE -9.6%) sinks after a StreetSweeper article says the stock has run up without merit after Japan said it would restart its first nuclear reactor since the 2011 Fukushima disaster.
- URRE idled its operations years before Japan shut down all nuke plants, and Japan’s restart will not affect URRE's supply and demand dynamics, the report says.
- In any case, the article maintains that URRE would require millions of dollars and nearly a year to restart operations, yet it has only enough cash to last six months and likely would turn to a stock sale.
Nov. 10, 2014, 2:41 PM
- Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
- The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
- Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
- ETFs: URA, NLR, NUCL
Nov. 10, 2014, 12:59 PM
Nov. 7, 2014, 12:52 PM
Nov. 7, 2014, 12:20 PM
- Reports that Japan is restarting some reactors may be helping uranium stocks catch a bid today.
- Two reactors at Japan's Sendai nuclear plant are due to become the first to be restarted in the country since the 2011 meltdown at the Fukushima facility.
- Also, Denison Mining (DNN +22.2%) reported Q3 earnings last night, delivering a loss of $0.01 vs. a loss of $0.10 in the prior-year quarter.
- CCJ +10.3%, UEC +5.4%, UUUU +6.1%, URRE +27.2%, URG +16.9%, URZ +11.5%.
- ETFs: URA, NLR, NUCL
Nov. 6, 2014, 11:24 AM
Aug. 8, 2014, 8:10 AM
Jul. 16, 2014, 11:52 AM
- Uranium miner Cameco (CCJ +1.7%) is higher despite reporting that ore from its Cigar Lake mine in Saskatchewan would not be milled until early 2015 instead of before the end of 2014, due to problems freezing the ground.
- CCJ freezes the mine's ore zone and surrounding ground to prevent water from flooding production areas, but it says freezing has not advanced as quickly as expected.
- Uranium/nuclear names are broadly higher after two of Japan's nuclear reactors received clearance to re-start: USU +8.2%, DNN +3.3%, URG +3.2%, URRE +1.6%, BWC +1%, URS +0.3%, LTBR flat.
Jul. 16, 2014, 8:35 AM
- Japan's nuclear watchdog gives safety clearance for the restarting of two nuclear reactors in southern Japan, recognizing their compliance with stricter regulations created after the 2011 Fukushima nuclear accident.
- The move is seen as unlikely to lower prices for liquefied natural gas because the country’s 46 other units are unlikely to resume this year; North Asia LNG prices have rallied 54% since Japan shut nuclear plants and boosted gas purchases for power generation after the Fukushima disaster.
- Related nuclear tickers: NLR, CCJ, URA, BWC, SHAW, URS, FLR, LTBR, URG, UEC, URRE, USU, DNN
Jul. 2, 2014, 11:31 AM
- USEC (USU +25.5%) extends yesterday's huge gains following news of $2.5M in new funding from the Department of Energy; shares have dropped off early morning gains of as much as 65% but have more than tripled since the announcement.
- A Seeking Alpha blog says the $2.5M influx moves the needle very little in the context of refinancing $530M of bonds outstanding, and that the stock soon will revert to fundamental valuation; post-reorganization, with convertible note holders taking the lion's share of value, equity holders will be left with less than 5% of the current trading value of the stock.
- Uranium peers are mostly higher: URRE +8.8%, URG +5%, UUUU +2.8%, URZ +2.7%, DNN +1.5%, UEC flat.
URRE vs. ETF Alternatives
Uranium Resources Inc is a uranium exploration, development and production company. It acquires, explores for, develops, and mines uranium properties, using the in situ recovery or solution mining process.
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