Today we decided to put a toe in the water and purchased shares in Denison Mines Corporation at $1.66 and Crosshair Exploration and Mining Corporation at $0.25.

Firstly Denison Mines Corporation (read more…)

Uranium stocks showed some signs of life with a bounce back in December 2008 despite the spot price remaining at $53/lb. A quick look at the list below indicates the percentage gains achieved by some of the household names in this market sector.

Denison: $0.60 - $1.18, 96% gain
Laramide: $0.55 - $0.98, 78.18% gain
Mega: $0.42 - $0.77, 83.33% gain
Aurora: $0.90 - $1.80, 100% gain
Khan: $0.175 - $0.43, 145% gain
Crosshair: $0.09 - $0.19, 111.11% gain (read more…)

(Chart from u308.biz)

The uranium spot price stands at $55/lb according to UXC and TradeTech with the long-term price of uranium trading at $70/lb.

The long term factors behind uranium and nuclear power appear to have been completely disregarded over the past year or so, with the relentless dumping of uranium stocks and, more recently, the commodity itself with drops now being seen in the long term price.

However (read more…)

Uranium One impressed with a gain of 34.38% closing at $0.86 with Crosshair adding 25% and Strathmore Minerals adding an astonishing 63.16%. With one or two exceptions this tiny sector moved higher on the back of the Ben Bernanke rate cut taking rates for the US Dollar down to 1% (read more…)

We have had a number of requests to take a look at Paladin Energy Limited, a stock that is a favourite with many investors in the uranium sector. We do not own this stock although we are well aware of it, but for one reason or another we chose to place our cash elsewhere (read more…)

This chart is courtesy of [1] www.U308.biz.

The chart above shows the uranium spot price at $58/lb according to UXC and at $60/lb according to TradeTech with the long-term price of uranium trading at $80/lb.

It’s been a torrid time for holders of uranium stocks with many investors throwing in the towel and moving on and who can blame them when this sector has been well and truly shunned. An example of the current sentiment is reflected in the stock price of Crosshair Exploration and Mining Corporation, which is now trading at $0.265 (read more…)

This chart is courtesy of www.U308.biz.

A month ago it looked promising as there were signs of a small rally forming however this appears to have dissipated as investors used the higher prices to cut their loses and return their cash to the sidelines. We had hoped to bring you more ‘buy’ signals but have decided to remain cautious until a clearer picture emerges (read more…)

This chart is courtesy of www.U308.biz.

This has been a much better month for holders of uranium stocks, as signs of rising stock prices appear to be popping up here and there. Yesterday was especially good with the following stocks leaping to higher levels: RSC: 17.14%, LAM: 16.58%, MGA: 6.79%, KRI: 22.73% and URE: 22.16% (read more…)

Chart courtesy of www.u3o8.biz

According to The Ux Consulting Company (UxC) the price of uranium on the spot market slipped recently $2/lb to $63/lb. However, the long-term price remains steady at $95/lb and over at NYMEX the futures price for most of this year is around $65/lb. But, we can detect some stirring amongst uranium stocks as bargain hunters move to secure stocks at cheap prices (read more…)

Chart courtesy of www.u3o8.biz

This is probably the most asked question that we get in our mail bag these days, uranium stocks looked like bottoming once or twice, which turned out to be a false dawn.

A while ago we wrote about Denison Mines when the stock was trading in the $6.00 range and we thought that this was as cheap as it could get (read more…)