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Uranium Stocks to Watch (USU, CCJ, DNN, URRE)

Since the re-election of Japan Prime Minister, Shinzo Abe, Uranium stocks have been on fire. This, because Abe is one of the few who believe that Japan should use the most cost effective means of power generation. That, according to him, is nuclear. The country still hasn’t recovered from the devastating earthquake that measured 8.9 on the Richter scale and caused a Tsunami that triggered a level 7 meltdown at the Fukushima Daiichi Nuclear Power Plant.

He plans to revitalize the country’s nuclear infrastructure and that has investors feeling bullish about nuclear stocks. Here are a few to watch.

 

USEC logo_0USEC Inc. (NYSE: USU)

The $28 million company supplies low enriched uranium for nuclear power plants around the world with Japan and the United States as its largest customers. The stock is up about 300 percent in the past week. Read more about USEC here.

 

 

nuclear powerUranium Resources, Inc (NASDAQ: URRE)

Uranium Resources engages in the acquisition, exploration, development, and mining of uranium properties, using the in situ recovery mining process. The stock is up just over 100 percent in the past three months. See Breaking Finance News’ coverage of Uranium Resources here.

 

 

cameco logoCameco Corporation (NYSE: CCJ)

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. Its products include uranium trioxide, uranium hexafluoride, and uranium dioxide. The stock is up about 12 percent in the past three months.

 

denison_minesDenison Mines Corp. (NYSE: DNN)

Denison Mines Corp. engages in the exploration, development, mining, and milling of uranium in Canada, Zambia, and Mongolia. The stock is up about 10 percent in the past three months.

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