Uranium One Shares Jump on Profit Gain

Aug. 10, 2011 08:47AM PST

FP reports the shares of Uranium One (TSE:UUU) has jumped with profit gains.

FP reports the shares of Uranium One (TSX:UUU) has jumped with profit gains.

The market news is quoted as saying:

The company’s shares rose as much as 34%, the most since Nov. 4, 2008. Uranium One, based in Vancouver and with operations in Kazakhstan, the U.S. and Australia, posted net income of $29.7-million, up from $5.4-million a year before.
“Broader growth rates for nuclear power remain robust on the strength of the emerging markets of China, India, Russia and the Middle East,” it said in a statement. “The corporation believes that market conditions will continue to be favorable for lower cost, diversified producers like Uranium One.”

Click here to access the entire news release.