Uranium Stocks Explode On Surging Energy Prices

- November 9th, 2009

Yahoo Finance reports uranium stocks surged higher with higher energy prices with the dollar sinking against global currencies and the Dow goes on another triple-digit upswing. As a whole, the Uranium Stocks Index is up by 4.7% today. Despite the jump, it is currently lagging the S&P 500 by -11% over the last month. Before the bell this morning, … Continued

Yahoo Finance reports uranium stocks surged higher with higher energy prices with the dollar sinking against global currencies and the Dow goes on another triple-digit upswing.

As a whole, the Uranium Stocks Index is up by 4.7% today. Despite the jump, it is currently lagging the S&P 500 by -11% over the last month.

Before the bell this morning, Lewisville, Texas-based Uranium Resources (NASDAQ: URRENews) reported a third-quarter net loss of -$2.5 million or -4 cents a share on $1.4 million in total revenue. The stock is up by 1% today, and investors will be paying close attention to the firm’s cash management moving forward.

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