Shares of Cameco Corporation and Uranium Resources Skyrocket as Demand Finally Picks Up
Five Star Equities Provides Stock Research on Cameco Corporation & Uranium Resources
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/25/12 -- The uranium industry has been on impressive run of late. The Global X Uranium ETF, which holds over 20 uranium stocks, has surged more than 25 percent over the last month as positive guidance from some of the industry's largest players has renewed investor optimism in the sector. In addition, recent remarks from Chinese Prime Minister, Wen Jaibao have highlighted the country's intentions to focus on nuclear energy and limit its use of coal. Five Star Equities examines the outlook for companies in the Uranium industry and provides equity research on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and Uranium Resources Inc. (NASDAQ: URRE). Access to the full company reports can be found at:
China's primary economic planning agency, The National Development and Reform Commission, estimates that China can expand its current nuclear capacity of 10.8 gigawatts to between 70 and 80 gigawatts by 2020. According to the U.S. Energy Information's International Energy Outlook for 2011, China intends to add 106 GW of nuclear capacity by 2035. China plans to have 40 reactors by 2020 and, by 2030, enough additional reactors to generate more power than all 104 reactors in the US. In early 2011, following the tragic meltdown of the Fukushima Energy Plant, the Chinese State Council temporarily halted the construction of 27 nuclear power plants declaring the need for new safety regulations. During the delay, China re-assessed the safety of its planned and approved Generation-II reactor projects.
Five Star Equities releases regular market updates on the uranium industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Shares of Uranium industry heavyweight, Cameco Corporation have skyrocketed more than 30 percent since December 27, 2011. Cameco, which accounts for about 16 per cent of global uranium production, said there would be "upward pressure on prices" in the medium term, partly driven by demand from China and India. MarketWatch recently reported that Cameco Corp plans to lift exploration spending in Australia by nearly a third this year after putting the country near the center of its plans to double uranium output by the end of the decade, a senior executive said Monday.
Shares of Uranium Resources have surged in excess of 40 percent in the last month. Uranium Resources has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas since its incorporation, where the Company currently has ISR mining projects.
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Datum: 25.01.2012 - 13:20 Uhr
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News-ID 107613
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