Cameco Corporation (CCJ)

[trdwatch]

Uranium Stocks Build Momentum but Prices Remain Weak

Today : Friday 25 November 2011

Uranium stocks have been on the upswing this month as a bidding war for Hathor Exploration between Rio Tinto and Cameco has underscored the increasing importance of nuclear energy. Although Germany and Switzerland are phasing out nuclear plans, world leaders in North America, Africa to Asia have reaffirmed their commitment to nuclear power as a low-carbon, low-cost energy. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ) Access to the full company reports can be found at:

www.bedfordreport.com/CCJ


While uranium stocks are on the upswing on long term optimism and takeover speculation, the spot price for uranium remains low. The spot uranium price dropped to slightly below $53 a pound U3O8, according to price publishers TradeTech and Ux Consulting, as little new buying interest emerged over the past week in the spot uranium market. Ux noted in its Monday report that a number of buyers and sellers already have met their volume expectations for the year -- not surprising given volume levels posted since July.

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http://ih.advfn.com/p.php?pid=nmona&article=50173553

Good entry/re-entry price for CCJ in my opinion.