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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.
Uranium Spot Price Plunges
Posted by
webmaster in
Cameco, ccj, Featured Articles, Fukushima, Uranium News, Uranium Stocks on
03 15th, 2011 |
no responses Uranium Spot prices dropped 9.8% on Tuesday, the largest single drop since 2008.
In all honesty, after the recent run up to $73, along with the recent worldwide nuclear energy debate, a 9.8% drop-off is less than expected. However, on the flip side of that coin, additional spot price drops could be on the way.
As we all know, uranium stock prices are being hammered. Volume for Cameco was over 12 times that of the previous session, post earthquake.
Oddly enough, option call/put interest in CCJ is nearly 2:1, surprising considered the recent price drop.
The current environment makes it difficult to speculate on future Uranium Spot & stock prices. Politicians worldwide will hold a huge influence over the uranium markets mid-term fortunes or failures. Will the media continue to their current fear tactics towards nuclear power. Although all three damaged reactors are at same plant (and the rest of Japan’s reactors remain intact) is not the real issue. Perception is reality. Depending on the final outcome at the Fukushima plant, Uranium stocks could be regaining recent losses or plummeting to 52 week lows.