Lower Uranium Prices, Lower Uranium One Profits

Reuters reported Uranium One (TSX:UUU) saw lower profits in the first quarter of 2012 due to a lower overall uranium prices.

As quoted in the market news:

Canada’s No.2 uranium producer’s profit was $4.5 million, or nil a share, in the quarter ended March 31. That compared with $14 million, or 1 cent a share, in the year-earlier period.

Click here to read the full Reuters report.