Post by GEORGE BUSH on Mar 18, 2005 16:47:21 GMT -5
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Reuters.com - No Spin. No Agenda. Just the Facts. As they happen.
Cameco shares rise on uranium outlook, report
Fri Mar 18, 2005 12:10 PM ET
(In U.S. dollars unless noted)
VANCOUVER, British Columbia , March 18 (Reuters) - Shares in Cameco Corp. (CCO.TO: Quote, Profile, Research) , the world's largest producer of uranium, leapt more than 5 percent for a second day running on Friday as price prospects for the nuclear fuel continued to look strong.
FACT BOX
CCO.TO (CAMECO CORP)
Last: 58.20
Change: +2.90
Up/Down: +5.24%
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Cameco shares rise on uranium outlook, report
Soaring energy issues lift Toronto stocks
Toronto stocks higher at midday on energy strength
Uranium prices started to take off in 2003 on evidence that stockpiles were running down and that the mineral could play a bigger role in generating power at a time of rising oil prices and environmental worries about burning coal.
A report in the Wall Street Journal on Friday headlined "Uranium becomes the new hot commodity" charted how uranium spot prices have more than doubled to around $22 a pound since 2000 after spending much of the 1990s in the doldrums.
Cameco's shares were C$2.39, or 4 percent, higher late on Friday morning at C$57.69, although off their session peak of C$59.50. Shares in the Saskatoon, Saskatchewan-based company have risen more than 700 percent since 2000.
This week the stock has also been boosted by news of a deal that will increase Cameco's annual production capacity of uranium hexafluoride, or UF6, a fuel for nuclear power reactors, by about 40 percent to about 18,000 tonnes.
TEXT
The mineral is also a key to a takeover battle for Australia's WMC Resources Ltd. (WMR.AX: Quote, Profile, Research) , whose Olympic Dam mine contains almost two-fifths of the world's known uranium reserves.
($1=$1.20 Canadian)
© Reuters 2005. All Rights Reserved
Reuters.com - No Spin. No Agenda. Just the Facts. As they happen.
Cameco shares rise on uranium outlook, report
Fri Mar 18, 2005 12:10 PM ET
(In U.S. dollars unless noted)
VANCOUVER, British Columbia , March 18 (Reuters) - Shares in Cameco Corp. (CCO.TO: Quote, Profile, Research) , the world's largest producer of uranium, leapt more than 5 percent for a second day running on Friday as price prospects for the nuclear fuel continued to look strong.
FACT BOX
CCO.TO (CAMECO CORP)
Last: 58.20
Change: +2.90
Up/Down: +5.24%
Quote
Full Chart
Company Profile
Research Reports
News for CCO.TO
Cameco shares rise on uranium outlook, report
Soaring energy issues lift Toronto stocks
Toronto stocks higher at midday on energy strength
Uranium prices started to take off in 2003 on evidence that stockpiles were running down and that the mineral could play a bigger role in generating power at a time of rising oil prices and environmental worries about burning coal.
A report in the Wall Street Journal on Friday headlined "Uranium becomes the new hot commodity" charted how uranium spot prices have more than doubled to around $22 a pound since 2000 after spending much of the 1990s in the doldrums.
Cameco's shares were C$2.39, or 4 percent, higher late on Friday morning at C$57.69, although off their session peak of C$59.50. Shares in the Saskatoon, Saskatchewan-based company have risen more than 700 percent since 2000.
This week the stock has also been boosted by news of a deal that will increase Cameco's annual production capacity of uranium hexafluoride, or UF6, a fuel for nuclear power reactors, by about 40 percent to about 18,000 tonnes.
TEXT
The mineral is also a key to a takeover battle for Australia's WMC Resources Ltd. (WMR.AX: Quote, Profile, Research) , whose Olympic Dam mine contains almost two-fifths of the world's known uranium reserves.
($1=$1.20 Canadian)
© Reuters 2005. All Rights Reserved
