Uranium Mining Stocks Analysis
Matthew Smith of TheInvestar.com reported, I think that a correction may be underway in the uranium sector right now as the index tried and failed two times to break through the 325 level and hold. Smith explained, A correction is due, and it seems that many of the stocks with Australian exposure may at this time be overbought on the speculation of the vote on the countrys Three Mines Policy.
Smiths top Australian uranium mining favorites include PepinNini Minerals and Berkeley Resources. He said of Berkeley, They have great deposits in Europe, and Areva is supporting their efforts there. Smith is betting on the Spanish government lifting the state restrictions on the uranium resources. In a similar situation is Mawson Resources (MWSNF), which Smith also favors and is also awaiting the lifting of Spains state mineral reserves restriction.
http://www.tmcnet.com/usubmit/2007/04/22/2539003.htm
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Open | High | Low | Value | Volume |
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1 | 20000 | 0.093 |
1 | 20000 | 0.091 |
4 | 36111 | 0.090 |
1 | 20000 | 0.089 |
Price($) | Vol. | No. |
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0.095 | 13550 | 3 |
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