Uranium names back in favor today after a report suggests that related companies, so depreciated they’re trading at less than their assets would be worth in a fire sale, could see a pickup in M&A activity. Japan’s nuclear crisis made uranium miners 31% cheaper relative to book value, Bloomberg says. URG +4.4%, UEC +4.7%, URRE +0.5%, USU +1.6%, DNN +2.6%, URZ +7.6%.
Uranerz Energy Corp is an exploration stage company engaged in the acquisition, exploration and, if warranted, development of uranium properties. It is also focused on constructing an in-situ recovery uranium facility.