Political risk in the uranium industry

Uranium Investing News & U308.biz report the recent impact on Uranium One’s share value due to the political risk in Kazakhstan.

If you follow the uranium market, then you’re probably aware of the recent  pressure placed on Uranium One’s (TSX: UUU) share price after reports started circulating last week that its joint venture property in Kazakhstan may be a part of a government fraud investigation.

On Wednesday last week, Uranium One’s stock dropped 30 percent in value as over 10 million shares traded on the TSX within fifteen minutes before trading was halted for three hours. In total, 48 million shares traded by closing (more than double the next most active stock on the TSX) and the stock value had fallen 40 percent to $1.99.

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