Summer slumber continues
Fri, Aug 22, 2008
Uranium Investing News reports spot price for uranium market is $64.50.
Price publishers Ux Consulting and Tradetech have both left their spot uranium price indicators unchanged at US$64.50 a pound U3O8 this week, but Cameco’s troubles have stimulated a market threatening to fall into a late summer slumber.
Uranium Investing News & U308.biz editor, Luke Brocki discusses several events on the spot price around the world.
But it was news of Cameco’s Port Hope troubles that roused a multitude of juniors on the TSX on Wednesday. Winners included Cline Mining, which gained nine cents, or 11.8%, to close at 85 cents; Delta Exploration, which gained 3.5 cents, or 21.9%, to 19.5 cents; and Pitchstone Exploration, which gained nine cents, or 18%, to 59 cents.
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