SOURCE: The Bedford Report

The Bedford Report

August 25, 2011 08:16 ET

Uranium Producers Show Lackluster Growth

The Bedford Report Provides Equity Research on Cameco and Uranium Resources

NEW YORK, NY--(Marketwire - Aug 25, 2011) - The uranium market has slowed to a halt in recent weeks amid continued uncertainty surrounding the global nuclear energy industry. Meanwhile, uranium producers are posting lackluster results as demand for the radioactive material slows. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and Uranium Resources, Inc. (NASDAQ: URRE).Access to the full company reports can be found at:

The spot price for uranium has declined 24 percent since the week before the March 11 earthquake and tsunami damaged Tokyo Electric Power Co.'s Fukushima Dai-Ichi power station. According to Ux Consulting Co., "A number of market participants have indicated that recent market activity has been very limited... This lack of activity has been described as the market looking like a ghost town."

"Some activity still proceeds as the spot price floats near the $50 level," Ux said. "Several spot transactions have been posted over the past week, most involving smaller quantities."

The Bedford Report releases stock research on the Uranium Sector 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 and get exclusive access to our numerous analyst reports and industry newsletters.

Last week Uranium Resources said its second-quarter net loss widened on higher expenses, building inventories and softer prices in the wake of the Japan nuclear crisis. The company cited higher expenses because of higher reclamation activities in Texas, costs associated with a feasibility study at its Church Rock, N.M., site and financing to collaterize financial obligations.

Earlier this month Cameco reported a 23 percent drop in quarterly profit as sales volumes fell, and it lowered its industry outlook in the wake of Japan's nuclear disaster.

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