SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 24, 2011 08:16 ET

Uranium One and Paladin Energy Benefit From Strengthening Nuclear Push

The Paragon Report Provides Equity Research on Uranium One & Paladin Energy

NEW YORK, NY--(Marketwire - Nov 24, 2011) - Uranium stocks have been on the upswing this month as a bidding war for Hathor Exploration between Rio Tinto and Cameco has underscored the increasing importance of nuclear energy. Although Germany and Switzerland have made are phasing out nuclear plans, world leaders in North America, Africa to Asia have reaffirmed their commitment to nuclear power as a low-carbon, low-cost energy. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Uranium One, Inc. (TSX: UUU) (PINKSHEETS: SXRZF) and Paladin Energy, Ltd. (TSX: PDN) (ASX: PDN) (PINKSHEETS: PALAF). Access to the full company reports can be found at:

While uranium stocks are on the upswing on long term optimism and takeover speculation, the spot price for uranium remains low. The spot uranium price dropped to slightly below $53 a pound U3O8, according to price publishers TradeTech and Ux Consulting, as little new buying interest emerged over the past week in the spot uranium market. Ux noted in its Monday report that a number of buyers and sellers already have met their volume expectations for the year -- not surprising given volume levels posted since July.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Uranium Industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States and Australia. For July-September, the company's net profit was $45.8 million, or 5 cents a share, compared with a net loss of $44.8 million, or 8 cents a share, last year. Revenue more than doubled to $157.7 million. Canada's No. 2 uranium producer expects 2012 production at 11.6 million pounds of uranium.

Paladin Energy is a uranium production company with projects currently in Australia and two operating mines in Africa with a strategy to become a major uranium mining house. The company's output slumped 15% to 1.24 million pounds in the quarter ended September compared with the previous three months. Paladin said it sold uranium for an average $51.33/lb as spot prices slipped in the wake of the Japanese nuclear disaster in March.

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