Uranerz Energy Corporation: Another Hot uranium Stock!
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Topic: Uranium Mining Stocks — February 5th, 2007
Has been described as the only pure uranium play on the AMEX, however it is not the only pure uranium play available for your investment funds.
Uranerz is an exploration and development company specialising in the hunt for uranium. They have exploration interests in Canada, Mongolia and the Wyoming Great Divide Basin uranium properties. It says something for the management of the company that they have been able to convince others to join them as joint venture partners thus reducing their exposure, after all they may never mind anything.
The Company’s Powder River Basin, Wyoming, where their uranium properties are advanced, and the indications are that there is sufficient evidence available for them to push ahead eventually leading to mine production is very encouraging.
Taking a look at the financial structure there are approximately 34 million shares outstanding, the market capitalisation is around $133 million and the current stock price is $3.88.
The company has an interesting history although that is not something that would really play a pivotal role in the investment decision process.
The chart is interesting but I think that we should have been into it a few months ago; hindsight is bang on every time! If we were holders and we are not, we would be probably stick with it. As we do not own any of this uranium stock then we would have to wait patiently (arrrggghhhh) for a reasonably cheap entry point. The volume does appear to be declining which is not a good sign in our humble opinion.
As for the near term performance well that does centre on a myriad of circumstances and events, not least the news flow from the company, the price of uranium itself, the changing geopolitical environment of the countries that Uranerz is exploring in.
In conclusion there is no real reason why this uranium stock should not do well, however it does look to be a little ahead of itself so we will watch and wait ever so patiently. The fact that they are totally focused on uranium and not just what they might find in the ground adds to our ‘comfort level’
Uranerz Energy Corporation is listed on the American Stock Exchange symbol URZ
Good luck
05 February 2007
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Uranerz Energy Corporation Up almost 50% in a Week
Strathmore Minerals: Found a Bottom and Consolidating
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Thanks so much for looking into Uranerz so quickly! This is very valuable information for me. I’ll be watching your site very often in the coming months.
Gratefully, Alex
Comment by AlexF — February 5, 2007 @ 11:11 pm
Alex, if you think that we have missed a vital piece of data then please feel free to add your comments. Getting a number of diverse opinions adds balance to the process and is a benefit to our readership. Uranerz did have a good day yesterday when some of the other uranium stocks were flagging a little, so may be you are on to something with this stock.
Comment by Bob — February 6, 2007 @ 1:00 pm