Uranium One Shares Jump After LDP Wins in Japan

Bloomberg reported that Uranium One Inc. (TSX:UUU), which mines uranium for reactor fuel, has climbed the most in 16 months after the Liberal Democratic Party in Japan won a landslide election.

As quoted in the market news:

“The uranium producer’s 30-day historical volatility, a measure of stock swings, increased to 53.53 from 40.91 on Dec. 14. The FTSE/JSE Africa All Share Index’s 30-day volatility measure was at 8.61 from 8.51 previously. A higher reading means an asset’s price can have bigger moves. South Africa’s markets were closed for a public holiday yesterday.”

Click here to read the full Bloomberg report.

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Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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