MEY 10.0% 6.3¢ marenica energy ltd

the volatility continues in the uranium sector

  1. 108 Posts.
    The Volatility Continues in the Uranium Sector
    Tuesday, October 11, 2011 at 12:24AM


    The last few weeks have seen an improvement in the price of many uranium stocks, some by up to 30% or so. Is this the beginning of a renaissance in this sector or another head fake. Its very difficult to tell, sometime ago it looked as though this tiny market sector was on the mend, however, along came Japan's disaster at Fukushima and uranium stocks were promptly sold off.

    Taking a quick look at the above table we can see that the percentage gains are impressive, especially when you consider that they achieved in just one day, adding to steady gains that have made in the prior weeks. However, we do have to put these gains in to context as they are being made on stocks that are extremely lowly priced when compared to the heady days that this sector has experienced. And in the short term many of them are still trading at around half the price that they were trading at in December 2010. The oscillations continue to be wide and severe in the uranium sector as this table shows the jump in prices that took place on Monday, 10th October 2011.

    This may indeed be a buying opportunity, however, it will take someone with more courage than we can muster at the moment.

    [Just a quick note to say that we are still in transit regarding our web sites but now have them ensconced in Squarespace and have cleaned them up a little. There is a lot more for us to do to make them better sites so we will continue to hopefully improve them. If you are not receiving our newsletters then please let us know and we will re-enter your names from this end, however, we are given to understand that the sign up box is working as it should, so that's one we can tick off.
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