Uranium Participation Corporation: P/E at 2.05!
Monday, April 21, 2008 at 12:57AM
Uranium Stocks in Uranium Mining Stocks
Uranium Participation Chart 21 April 2008




A sign of the times is just how low some of the uranium’s are trading is Uranium Participation, currently trading at $8.06 giving the company a P/E ratio of 2.05.

Uranium Participation Corporation has a Market Capitalisation is $482 million and on Friday the volume was 1.92 million shares traded. The company’s stock price has a 52-week high $17.50 and a 52-week low $7.92, pretty much as hard hit as the others in this sector.

We find it staggering that this company, which basically trades in uranium and does not have any exposure to the risk element that goes with mining, can have been sold off to the point that its Price to Earnings Ratio is 2.05 and the EPS (Earnings per Share) is $3.94.

The average cost to them of u3o8 is $37.91 US dollars per pound, according to their NAV update dated 29 February 2008, against a long-term uranium price of $95/lb.

Are we unfashionable at the moment or what?


Uranium Participation Corporation trades on the Toronto Stock Exchange under the symbol of ‘U’


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Footnote:
For those of you who are looking for a little more diversity in the energy field then you may want to read Doug Casey’s Energy Speculator, just this link.

Have a good one.
Article originally appeared on Uranium Stocks (http://www.uranium-stocks.net/).
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