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Uranium Stocks Back in Fashion

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Analysis of listed uranium names indicates that enthusiasm for the sector is back. Stock prices for uranium developers, or juniors, are now on average 51% above low points, and for listed producers of uranium oxide, 46% higher than recorded lows.

Listed uranium stocks may have surrendered some USD 31bn in market value since the price of uranium oxide - "yellow cake" peaked out in June 2007, but very recent investor portfolio flows indicate a resurgent interest in the sector. Not only have prices for uranium oxide fallen continuously from USD 136/lb in June 2007, to current levels around USD 45/lb, but like all listed stocks, and in particular mining stocks, uranium names have been singled out for special punishment.

Analysis of listed uranium names indicates that enthusiasm for the sector is back. Stock prices for uranium developers, or juniors, are now on average 51% above low points, and for listed producers of uranium oxide, 46% higher than recorded lows.

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