Uranium Stocks Build Momentum but Prices Remain Weak

The Bedford Reported said uranium stocks have been on the upswing this month.

As quoted in the press release:

While uranium stocks are on the upswing on long term optimism and takeover speculation, the spot price for uranium remains low. The spot uranium price dropped to slightly below $53 a pound U3O8, according to price publishers TradeTech and Ux Consulting, as little new buying interest emerged over the past week in the spot uranium market. Ux noted in its Monday report that a number of buyers and sellers already have met their volume expectations for the year — not surprising given volume levels posted since July.

Click here to read the Bedford Report press release.