Sector Update: Uranium Miners Mostly Lower Today as Spot Prices Take Holiday
Uranium miners are mostly lower today, following reports that spot prices are down nearly 2% over the past week as much of the northern hemisphere enjoys the final weeks of the summer holiday season.
Uranium-oxide concentrate for immediate delivery traded at $50.50 a pound in the seven days through Aug. 15, compared with $51.50 the previous week, according to a Bloomberg report this morning, citing an e-mailed analysis prepared by Ux Consulting Co.
Uranium One (UUU.TO) tried to throw off the negative sentiment, briefly turning positive in mid-day trade before sinking again. Uranium One shares fell as low as $2.95 a share today within the first hour following the opening bell.
The lone gainer among uranium miners today is Forum Uranium (FDC.V), adding half a cent at 11 cents per share. Forum last week said it had begun drilling at its North Thelon project in Nunavut.
Other miners and their prices include:
Blue Sky Uranium (BSK.V) 0.120 -0.010 -7.7%
UR-Energy (URE.TO) 1.190 -0.080 -6.3%
Mega Uranium (MGA.TO) 0.315 -0.020 -6%
Powertech Uranium (PWE.TO) 0.165 -0.005 -2.9%
Uranium Participation (U.TO) 6.09 -0.080 -1.3%
First Uranium (FIU.TO) 0.415 -0.005 -1.2%
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