Recent Posts
Recent Comments
Popular Articles
About Uranium Stocks
Uranium Stocks was created to give investors a diversified look at uranium shares, spot prices, options markets, ore and production, canadian reverses and any other relevant issues that may affect shares prices across the globe.
Continued Uranium Weakness
Posted by
webmaster in
Continued Uranium Weakness
The continued pressure in the current bear market is accelerating losses amongst uranium shares.
The spot price for uranium has fallen off a cliff over the past four trading sessions, dropping from a steady rate of $65 to the current level of $46.
While some will argue about the actual validity between spot price and contract price, one thing is for certain. Uranium stocks have taken a beating off late.
While some were hoping that things couldn’t possible get any worse, we now see Cameco and Dennison testing current and multi-year lows.
3 Month CCJ Chart
CCJ Price as of Oct 16th: $12.14
52 Week Trading Range: $12.00 – 52.33
5 Day DNN Chart
DNN Price as of Oct 16th: $1.32
52 Week Trading Range: $1.32 – $8.72
At this point uranium stocks have fallen to the wayside amongst commodity investors. It’s becoming more and more difficult to stay “rosy” about the sector at this point.