Uranium Stocks Gain Momentum as Growth Strategies Remain Intact
The Bedford Report Provides Analyst Research on Denison Mines and Uranerz Energy
NEW YORK, NY -- (Marketwire) -- 04/07/11 -- After investors fled the sector because of the nuclear power plant crisis in Japan, uranium stocks are beginning to mount a comeback. Nuclear power construction is likely to continue its rapid growth, largely because there aren't many strong alternatives. As vice-president of the China Nuclear Energy Association, Zhao Chengkun, explains, nuclear is the only energy source that can be used on a mass scale to achieve the nation's goal of developing cleaner, low carbon energy. The Bedford Report examines the Uranium Industry and provides research reports on Denison Mines Corporation (NYSE Amex: DNN) and Uranerz Energy Corporation (NYSE Amex: URZ). Access to the full company reports can be found at:
www.bedfordreport.com/2011-04-DNN
www.bedfordreport.com/2011-04-URZ
China recently declared its six operating plants safe, while suspending approval of new nuclear plants while it reviews safety standards. China is in the process quadrupling its uranium consumption to 50 million-60 million pounds a year, and says it plans to build 10 nuclear power plants a year for the next decade.
US President Barack Obama still believes that nuclear power will play an important role going forward. "We're going to incorporate those conclusions and lessons from Japan in design and the building of the next generation of plants," he explains.
The Bedford Report releases regular market updates on the uranium industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Shares of Denison Mines lost more than 30 percent of their value following Japan's tragic earthquake and subsequent nuclear disaster. Last month Denison said its fourth-quarter loss narrowed to $12.3 million or 4 cents a share, from $36.1 million, or 11 cents a share, a year earlier. Revenue rose 26 percent to $39.2 million. Denison Mines has projects in the US, Canada, Zambia, and Mongolia.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
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Source: Marketwire (April 7, 2011 - 8:16 AM EDT)
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