Uraniums See Late-Week Bounce On Value Play (URRE) (URG) (URZ)

Uranium stocks are making a strong rebound today, following a large sell off this week by the market on thinning prospects for the mineral.

Following last week's massive earthquake hitting off the eastern coast of Japan, knocking out power to nuclear plants with the ensuing tsunami, investors and traders evaluated their positions in uranium and whether or not there was much upside left considering the potential for canceled projects and reduced demand. However, the outlook has shifted as smoke covering what's happening in Japan begins to clear, and many are seeing the stocks as oversold and below fair value.

Seeing a jump today:

• Ur Energy Inc. (AMEX: URG) up 15.9%;
  
  
• Uranium Resources, Inc. (Nasdaq: URRE) up 24.5%;
  
  
• Uranium Energy Corp. (AMEX: UEC) up 8.1%;
  
  
• Cameco Corp. (NYSE: CCJ) up 5.8%;
  
  
• Uranerz Energy Corp. (AMEX: URZ) up 8.0%;
  
  
• Denison Mines Corp. (AMEX: DNN) up 8.9%.

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