Purepoint Uranium Group Inc. (CVE:PTU) reports on its twelve early-stage projects, Athabasca Basin region, Saskatchewan.
The press release is quoted as saying:
Uranium stocks have been riding the recent spike in the spot price, which has risen almost 75% from its 2010 low. With a resurgence in global demand for nuclear energy, uranium has an enviable long-term outlook. In that context, uranium stocks should do well, and Purepoint can be expected to participate. We rate the shares as a Speculative Buy, with a 12-month Target Price of $0.95 per share.