Gloomy outlook for uranium share price
“The lack of movement of uranium price is the reason investors are not active. There is no incentive to invest if there is no movement in the underlying commodity.”
Mining Weekly 30 June 2010, “……………the market valuation fell over the past month, with Australian companies suffering a 4% decline and Canadian uranium firms a 2% drop.
Over the past three months, the market valuation fell by 16% for Australian miners and 15% for Canadian miners……most companies had seen share prices drop over the last three months.
ERA suffered a 27% drop in its three-months share price,
Stalled price tanks stocks | The Energy Collective 29 June Uranium price likely to remain flat for next few years – falling prices “…..A review of 12 Canadian uranium mining stocks – three producers and nine juniors – show a dismaying trend since December 2009.
Every quarter FCW compiles tracking information on stock prices across a selected list of producers and juniors. The trends for these companies as of June 11, 2010, is an unmistakable dive from prior values. Of the 12 stocks on our list , seven have seen their prices drop by more than 20% and three have seen their stock prices drop by more than 10%……..
“The lack of movement of uranium price is the reason investors are not active. There is no incentive to invest if there is no movement in the underlying commodity.”
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