Uranium One Shares Jump After LDP Wins in Japan

Dec. 18, 2012 09:21PM PST

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.”