Uranium Stocks take a decisive action

Since the jury issued a decree limits the damage of Japanese nuclear facility after the massive earthquake, investors are taking decisive action on Monday and sold down shares of uranium

During Australian trade, Pitchstone Exploration was sold down by 32% on the day. In early Canadian trade, Forum Uranium, was likewise down by 32%. South Africa-focused First Uranium was down 15% to CAD 0.82 a share. This stock listed five years ago, just ahead of the spike in spot uranium prices, and declined from highs in 2007 of CAD 13.00 a share.

The world’s biggest listed uranium producer, Canada’s Cameco, was falling 18% on Monday, taking its market value down to USD 12bn. France’s Areva, a diversified nuclear name which also mines, was down by a more modest 9% in Euro terms. Australia-listed Extract Resources (market value: USD 2.5bn) was among the least impacted, possibly on the recent buyer interest expressed in Kalahari Minerals, which owns a major stake in Extract.

Prior to the rout, uranium stocks had recovered strongly in recent months, following the increase in spot uranium prices from around USD 40.00 a pound in mid-2010 to over USD 70.00 recently. Quotes on uranium spot prices were not immediately available.

Selected uranium stocks

Producers	Stock	From	From	Value
	price	high*	low*	USD bn
Cameco	CAD 29.63	-33.1%	36.9%	11.999
ERA	AUD 8.25	-59.2%	2.6%	1.587
Paladin	AUD 3.95	-29.6%	17.2%	3.097
Uranium One	CAD 4.47	-36.3%	178.9%	4.394
Denison	CAD 2.42	-45.9%	110.4%	0.910
PriarGunsky	USD 255.00	-5.6%	54.5%	0.465
Averages/total		-41.9%	80.1%	22.453
Weighted averages		-36.4%	47.1%
Developers & other
First Uranium	CAD 0.82	-51.5%	15.5%	0.199
UEX	CAD 1.58	-39.9%	146.9%	0.330
Uranium Part.	CAD 6.60	-33.3%	29.9%	0.721
Summit Resources	AUD 3.03	-22.5%	67.8%	0.666
Mega Uranium	CAD 0.58	-55.5%	70.0%	0.149
Alliance Resources	AUD 0.32	-42.7%	12.5%	0.108
Bannerman	AUD 0.56	-38.1%	133.3%	0.132
Forsys	CAD 2.07	-57.3%	47.9%	0.170
Greenland Minerals	AUD 1.04	-26.2%	235.5%	0.330
Laramide	CAD 1.59	-44.6%	123.9%	0.110
Mantra Resources	AUD 7.50	-6.6%	111.3%	1.017
Energy Metals	AUD 0.58	-33.3%	34.9%	0.090
Deep Yellow	AUD 0.22	-44.2%	79.2%	0.244
Extract Resources	AUD 9.81	-9.2%	64.6%	2.482
Strateco Resources	CAD 0.72	-46.3%	84.6%	0.104
Strathmore Minerals	CAD 0.82	-51.2%	102.5%	0.075
UR-Energy	CAD 2.01	-40.0%	164.5%	0.212
Thor Mining	AUD 0.04	-32.8%	387.5%	0.018
Uranium Resources	USD 1.86	-53.2%	396.7%	0.172
Uranerz	CAD 2.93	-49.8%	215.1%	0.213
Hathor Exploration	CAD 2.16	-39.5%	60.0%	0.241
Marenica	AUD 0.07	-58.4%	12.6%	0.034
Marathon Resources	AUD 0.43	-45.9%	67.5%	0.042
Impact Minerals	AUD 0.12	-40.0%	31.9%	0.014
Kalahari Minerals	GBP 2.81	-9.0%	100.9%	1.113
Arafura Resources	AUD 0.95	-46.9%	150.0%	0.352
Uranium Energy	USD 3.88	-48.2%	83.7%	0.270
Dios Exploration	CAD 0.36	-18.2%	80.0%	0.014
Tournigan	CAD 0.19	-58.0%	122.4%	0.038
White Canyon	AUD 0.23	-11.8%	257.1%	0.052
Southern Uranium	Now at Investigator Resources
Uranium Equities	AUD 0.12	-40.0%	71.4%	0.025
Obtala	GBP 0.52	-2.6%	83.9%	0.196
Berkeley Resources	GBP 0.80	-33.6%	28.0%	0.134
Xemplar Energy	CAD 0.09	-65.4%	12.5%	0.011
JNR Resources	CAD 0.25	-52.9%	88.5%	0.025
Crosshair Exploration	CAD 1.33	-52.5%	216.7%	0.065
A-CAP Resources	AUD 0.47	-38.2%	67.9%	0.095
Fission Energy	CAD 0.89	-40.7%	128.2%	0.079
Curnamona Energy	AUD 0.18	-40.0%	28.6%	0.012
Thundelarra	AUD 0.45	-56.5%	7.1%	0.070
Khan Resources	CAD 0.43	-53.8%	145.7%	0.024
Vane Minerals	GBP 0.03	-33.3%	41.2%	0.016
Energy Fuels	CAD 0.73	-54.1%	461.5%	0.073
Azimut Exploration	CAD 1.45	-14.7%	163.6%	0.040
Desert Energy	AUD 0.11	-42.1%	29.4%	0.013
Pancontinental Uranium	CAD 0.25	-68.4%	257.1%	0.014
Pepinnini Minerals	AUD 0.19	-47.9%	40.7%	0.017
Nuinsco Resources	CAD 0.18	-37.9%	350.0%	0.047
Pitchstone Exploration	CAD 0.31	-50.0%	45.2%	0.012
Canalaska Uranium	CAD 1.01	-46.8%	26.3%	0.018
UraniumSA	AUD 0.39	-43.9%	176.2%	0.057
Bitterroot Resources	CAD 0.12	-47.8%	200.0%	0.010
Encounter Resources	AUD 0.89	-31.5%	334.1%	0.089
Calypso Uranium	CAD 0.30	-13.0%	185.7%	0.016
Energy & Minerals Australia	AUD 0.19	-35.6%	65.2%	0.074
Atomic Resources	AUD 0.45	-23.7%	350.0%	0.072
Titan Uranium	CAD 0.37	-58.0%	265.0%	0.049
Uranex	AUD 0.41	-54.2%	251.0%	0.070
Energia Minerals	AUD 0.20	-49.4%	122.2%	0.014
Pele Mountain	CAD 0.27	-61.6%	211.8%	0.036
Crossland Uranium	AUD 0.22	-29.5%	175.6%	0.025
Eromanga Uranium	AUD 0.03	-56.1%	93.3%	0.010
African Energy	AUD 0.69	-34.4%	970.3%	0.204
Toro Energy	AUD 0.10	-44.4%	56.3%	0.096
NWT Uranium	CAD 0.16	-38.0%	0.0%	0.021
Apollo Minerals	AUD 0.08	-56.8%	9.6%	0.013
Forum Uranium	CAD 0.20	-61.5%	185.7%	0.026
Wealth Minerals	CAD 0.85	-36.6%	240.0%	0.043
Alara Resources	AUD 0.30	-41.2%	275.0%	0.038
Uracan Resources	CAD 0.20	-50.0%	100.0%	0.027
Niger Uranium	GBP 0.07	-30.0%	95.8%	0.013
Purepoint Uranium	CAD 0.29	-61.5%	307.1%	0.023
Nortec Ventures	CAD 0.28	-27.6%	205.6%	0.035
Int’l Enexco	CAD 0.29	-32.6%	28.9%	0.007
U3O8 Corp.	CAD 0.77	-41.7%	285.0%	0.062
Silver Spruce	CAD 0.15	-59.7%	262.5%	0.016
Altona Energy	GBP 0.10	-48.8%	34.4%	0.068
Rum Jungle Uranium	AUD 0.50	-27.7%	1078.6%	0.073
Solex Resources	CAD 0.42	-44.7%	281.8%	0.032
Uravan Minerals	CAD 0.30	-30.2%	140.0%	0.013
Oklo Uranium	AUD 0.05	-60.0%	53.3%	0.007
Macusani Yellowcake	CAD 0.55	-55.3%	254.8%	0.046
Nimrodel	AUD 0.09	-15.0%	596.7%	0.014
Contl. Precious Minerals	CAD 0.46	-55.8%	24.3%	0.024
Blue Sky Uranium	CAD 0.18	-79.9%	9.4%	0.014
Aura Energy	AUD 0.34	-39.3%	189.1%	0.045
Empire Resources	AUD 0.09	-43.8%	143.2%	0.011
Marmota Energy	AUD 0.09	-25.8%	50.8%	0.014
Int’l Montoro	CAD 0.09	-52.8%	183.3%	0.005
Uran	AUD 0.03	-40.5%	92.3%	0.007
Alberta Star	CAD 0.56	-21.1%	67.2%	0.012
East Asia Minerals	CAD 5.75	-34.1%	19.8%	0.444
Black Range Minerals	AUD 0.05	-45.1%	127.3%	0.032
Fronteer	CAD 14.55	-0.7%	327.9%	2.256
Portal Resources	CAD 0.20	-27.3%	150.0%	0.008
Eso Uranium	CAD 0.09	-50.0%	100.0%	0.010
Bearclaw Capital	CAD 0.08	-25.0%	50.0%	0.002
Forte Energy	AUD 0.10	-44.1%	37.7%	0.064
Mineral Commodities	AUD 0.10	-20.0%	270.4%	0.015
Mindax	AUD 0.40	-20.0%	14.3%	0.059
North American Gem	CAD 0.09	-56.1%	5.9%	0.016
Developer averages/total		-39.5%	149.4%	15.139
Weighted averages		-29.3%	102.9%
Overall averages/total		-39.2%	144.4%	37.126
Overall weighted averages		-34.0%	65.6%
Diversifieds with uranium
Areva	EUR 31.81	-20.5%	4.8%	15.235
Rio Tinto	GBP 39.94	-15.3%	45.2%	132.356
BHP Billiton	GBP 22.96	-13.3%	36.8%	231.051
AngloGold Ashanti	USD 46.69	-11.7%	29.6%	17.798
Equinox	CAD 5.02	-27.7%	63.5%	4.522
* 12-month

Source: market data; table compiled by Barry Sergeant

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