Uranium hopefuls must act to maximise prices
The race is on for uranium companies such as Deep Yellow and Marathon Resources to develop their projects within the next three years to cash in on the booming uranium market, according to a Far East Capital report to be released today.
The leading Mover and Shaker for April was Arafura Resources Ltd which increased its market capitalisation by 50% to $227 million, Independence Group NL up 48.5% to $846 million and Kings Minerals NL up 47% to $318 million. ******* Other significant movements during the month were Deep Yellow Ltd , which increased 62% to $673 million, ******* Western Metals Ltd 59% to $68 million and Equinox Minerals Ltd 33% to $1.4 billion).
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