Uranium Miners Staging a Comeback

Uranium Investing News and U308.biz report uranium price making a comeback after a big fall last year.

According to TradeTech, the price spiked a solid $4 to US$49 per pound last week. Today, another industry consultant, UxC is reporting a spot price of $51 per pound.

TradeTech also reported “robust” buying interest responsible for 2.5 million pounds of yellowcake in eleven transactions. The total purchase amount for 2009 is now 10.5 million pounds of U308 equivalent.

For complete story, click this link. Follow developments in resource mining and exploration for free.

Sign on to The Resource Stock Watch.