Australian news, and some related international items

90% decline in share price for uranium producers ERA, Paladin Energy , and Bannerman Resources

fearCoal, uranium and gold stocks among the hardest hit as good times end BY:ROBIN BROMBY  The Australian   May 20, 2013  “…… Among those hardest hit are coal, uranium and gold. The base metal stocks don’t seem to have suffered to quite the same degree, although few stocks have come off less than about 60 per cent.

Among those with declines of more than 90 per cent since their peak are leading uranium stocks. In their case, their peak was back in 2007. Producer Energy Resources of Australia (ERA) has come down from $18.92 then to $1.04 now. Paladin Energy (PDN) hit $10.80 back in 2007 and now sits at 94c. Bannerman Resources (BMN) with its Namibia project was a star back then at a high of $4.14, now at 5.8c…..”

May 20, 2013 - Posted by | AUSTRALIA - NATIONAL, business, uranium

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