NEW YORK, NY -- (Marketwire) -- 01/11/12 -- Uranium stocks are looking to rebound this year after a disastrous 2011. The tragic Fukishima nuclear disaster last March weighed heavily on spot prices and clouded the long term growth outlook of the sector. While several European markets -- most notably Germany -- made policy decisions to cut nuclear energy programs, both China and the United States are expected to increase their nuclear energy output going forward. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and USEC, Inc. (NYSE: USU). Access to the full company reports can be found at:
www.paragonreport.com/CCJ
www.paragonreport.com/USU
A recent press release issued by TradeTech finds that higher spot volume "prevailed to set a new record of 45.8 million pounds U3O8" in 2011, surpassing spot transaction volume of 42.8 million pounds U3O8 in 2010, the highest level recorded in two decades. "Presently, spot uranium supply remains extremely thin as most sellers hold firm to offer prices and wait for increased demand during the first quarter of 2012," TradeTech President Treva E. Klingbiel explains.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Uranium Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment involves in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Earlier this month the company said it reached the main mine workings with the second shaft at its Cigar Lake uranium mining project in northern Saskatchewan. "The breakthrough is a key milestone on our path to safe, clean and reliable production from this exceptional orebody," said president and CEO Tim Gitzel.
USEC Inc., together with its subsidiaries, supplies low enriched uranium (LEU) to commercial nuclear power plants in the United States and internationally.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
