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« Uranium: Interview with James Dines | Main | Uranium Price: Chit Chat »
Saturday
May192007

Uranium Stocks Fight Back

Despite the continuous surge in uranium prices, uranium stocks have been going through a sell-off recently.

On Friday however they fought back and we saw some tremendous rises of over 15%.

Uranium Stocks Fight Back

The following video is an attempt to capture the uranium stocks fighting back, we hope you enjoy it as a bit of fun!



We hope you enjoyed that video as a bit of light hearted fun after days of our uranium stocks getting hammered down, probably by people blindly selling with the sell in may and go away crowd, without taking a look at how well the underlying commodity, uranium, is doing.

But that all changed on Friday as we saw all our uranium stocks fighting back with some great gains.

LAM.TO did extremely well with a gain of 15.89% up $1.74 to $12.69 and in only one day!

CXX.V posted a gain of 21 cents, rising 7.87% to $2.88.

EMC.TO surged to $16.65, up 10.12% or $1.53.

AXU.TO was up only 43 cents to $17.74 but still a 2.48% gain in one day is good progress.

STM.V exploded, rocketing up 68 cents to $5.18 a massive gain of 15.11%

EPL.TO gained 4 cents rising to $0.82 a rise of 5.13%

FRG pushed forward with a rise of $1.12 or 9.66% to $12.72

KRI.TO managed to put on 22 cents, a gain of 5.07% up to $4.56

MGA.TO got up to $6.87 up 75 cents or a whooping 12.25%

U.TO is generally one of the more steady uranium stocks, and it gained 75 cents, 1.80% to put it at $16.40

UMN.TO is out latest recommendation and it gained 40 cents up to $6.90, a rise of 6.15%

URE.TO went up 30 cents or 7.46% to $4.32

In fact the biggest uranium miner in the business, Cameco (CCO.TO), which is not a BUY on our Uranium Stocks list, was down...

Although many uranium stocks still have a way to go before they reach where they were before the sell off, this is a good first step and perhaps a sign that money is going to start flowing back into uranium stocks, as people realise that the underlying commodity is rocketing, so why should they be selling the companies that have it?

If you have any comments on the video, or on the uranium stocks that fought back or didn't fight back on Friday, please leave them below.

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Reader Comments (11)

Can anyone explain this? My shares in Energy Metals which are listed on Amex in the US rose around 18%. What does the market know that I don't ?

Who turned the lights on ?

May 20, 2007 | Unregistered CommenterJoe Docherty

We would like to say that it was something spectacular event, on say, the Futures Market, but the volume is so low as render it almost meaningless as an indicator.

The thing that concerned us was that the uranium stocks were declining when the underlying asset was rocketing. So we were asking ourselves the same question then: What do other people know that we don’t that is dragging these stocks down?

In our humble opinion it did not make a lot of sense so we could only put it down to profit taking and traditional seasonal selling.

This bounce back goes some way to redressing the balance and we are glad that we did not follow the herd out of our positions. As you rightly point out Energy Metals goes up 18% in one day – if you were on the sidelines then the chances are that you would have missed this advance.

The summer doldrums are upon us and for most people there are more exciting things to do than switch on a computer on a sunny Sunday afternoon. However, try to remember that this a thin market and therefore a trade of any significance will move your stock either way.

Also remember that this market is slowly gaining the attention of investors around the globe. We know this because feed burner tells us exactly where our readers are located, some of these places we have never heard of but they have taken the first step, which is to show interest. As their confidence grows some of them will become investors and that is just what we need – new blood!

May 20, 2007 | Unregistered CommenterUranium Stocks

URRE May 18 8.84 0.49 5.87%

BAYFF.PK May 18 1.29 0.1662 14.75%

PMNHF.PK May 18 0.87 0.02 2.35%

May 20, 2007 | Unregistered CommenterGMiki

Hey Joe:

From the Fibonacci point of view, one of my favorites stocks URZ, on 4/16/07 hit a high of $7.65. It fell for a month and on 5/16/07 it hit a low of $5.02. A perfect %33 fibonacci retracement.On Friday it was up %19.49 on very good volume. NWTMF was up %5.30 and LBSU was up %6.12
I think a this point in the game the same players who buy and sell gold do the same with uranium. Gold has a sell signal and uranium stocks have fallen in tandem with gold. Perhaps we are all subject to the same noise in the market.
Robert

May 20, 2007 | Unregistered CommenterRobert

Can you say Long Term Capital Gains?, the market has been moving up for over a year. Better tax advantage for profit taking. USD going lower always helps the gains back here in the States. Also when was the last time you seen a market go straight up and down? You need a seller for every buyer.

Myself i love these rolling corrections, it gives me opppertunity to increase my holdings at a better price. I still like the Aussie Uranium plays, they have a little more order so far compared to the Canadian plays. Either way it doesn't matter as long as they both go up and we make $$$.

May 20, 2007 | Unregistered CommenterStielf Erdmann

Stielf, Whats you hot stock for the year ahead?

May 20, 2007 | Unregistered CommenterUranium Stocks

I look only for miners in these countries since they have @80% of the worlds total Reserves.
% of the World Total
Australia 1,143,000 24%
Kazakhstan 816,000 17%
Canada 444,000 9%
USA 342,000 7%
South Africa 341,000 7%
Namibia 282,000 6%
Brazil 279,000 6%
Niger 225,000 5%

These are the stocks I follow
Aurora Energy Resources
BHP Billiton Limited
Cameco Corp.
Deep Yellow LTD
Denison Mines Corp.
Energy Metals Corp.
Energy Resources of Australia LTD
Forsys Metals Corp.
Laramide Resources LTD
Mega Uranium LTD
Paladin Resources LTD
Rio Tinto
SXR-Uranium One
Toro Energy LTD
UEX Corp.
Ur Energy
UraMin

I think that these are all hot, as long as the Uranium price continues to increase. $170 in a year, $250 the next, and a lot of M&A along the way. All of these will be winners.

I like the management of Paladin Resources they seem to have a good direction of where the market is headed. They made me a lot of money with Summit Resources.

I will cut back on my holdings once the Uranium price levels off, and be more selective. Uranium Price, Reserves, M&A, and Dehedging is my long term outlook in this sector. I will just keep buying the dips until things change.

May 20, 2007 | Unregistered CommenterStielf Erdmann

To answer Joe's questions:

"Can anyone explain this? My shares in Energy Metals which are listed on Amex in the US rose around 18%. What does the market know that I don’t ?"

Energy Metals issued a news release last Friday stating that it is in negotiations for a potential sale of the company. This may have sparked more M&A speculation within the sector. Stockinterview.com has a nice write up on the situation.

May 21, 2007 | Unregistered Commenterjay

Stielf, Thanks for the list, a lot of which we like however Rio Tinto is a little on the large size for us.

May 21, 2007 | Unregistered CommenterUranium Stocks

RIO is @2% of the Ishares EWA ETF @$28 USD and BHP is @10%

UF-UN.TO Uranium Focused Energy Fund @$10USD has
Uranium Companies 78%
Uranium Related 5%
Other Energy 12%
Net Cash 5%
RIO is a part of this one too

Just a way to hold some RIO for smaller amounts of cash.

May 21, 2007 | Unregistered CommenterStielf Erdmann

After the new round of bids, SXR (Uranium1) will reflect one of the top four share price gains within the sector. The perception of the EMC offer took the wind out but watch what transpires in the next two weeks.

June 9, 2007 | Unregistered CommenterJD Holzgrefe

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