This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Uranium Market Movement Slow, But Strong

Company news

On Monday, Virginia Energy Resources (TSXV:VUI) announced its listing on the OTCQX under the ticker symbol VEGYF. "We are proud to join OTCQX, the highest OTC marketplace," stated Walter Coles Jr., executive vice president of Virginia Energy, in the press release. "We are committed to providing our U.S. investors with timely news and information to help them better analyze, value and trade our securities."

Virginia Energy's wholly owned, advanced-stage Coles Hill uranium project is located in Virginia, where the state government is debating whether or not to lift a 30-year ban on uranium mining. Coles Hill reportedly contains measured resources of 3,260 tonnes of U3O8 and indicated resources of 42,800 tonnes U3O8. The largest-known untapped uranium deposit in the United States and one of the largest in the world, the deposit has an estimated worth of $10 billion and holds enough uranium to power all the nation's nuclear plants for nearly two years. The company is also pursuing an active uranium exploration program in Quebec's Otish Basin.

Energy Fuels (TSX:EFR) reported its results for the 2012 fiscal year, calling the past 12 months a “transformational year” for the company, which “attained a dominant production and resource position within the uranium sector's single largest market, the United States.” Highlights for the year include sales of 447,000 pounds of U3O8 at an average realized price of $55.83 per pound.

European Uranium Resources (TSXV:EUU) signed a memorandum of understanding (MoU) with the Slovak Republic's Ministry of Economy. The MoU pertains to the advancement of the Kuriskova uranium deposit, which a recent preliminary feasibility study shows could be developed as an underground mine and could become one of the world's lowest-cost uranium producers. The MoU highlights the importance of this deposit to Slovakia's energy needs; the Eastern European nation is the third-largest per capita user of nuclear energy in the world — more than 50 percent of its electricity is generated by nuclear power. European Uranium also began trading on the OTCQX under the ticker symbol EUUNF.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs