Uranium Getting Pummeled as Germany Vows to Eliminate Nuclear Dependence (URRE) (URZ) (URG)

Uranium stocks are getting pummeled Tuesday following news Germany is looking to cease all reliance on nuclear power by 2022.

Investors may be fearful following the announcement -- which stems from the March 11th earthquake in Japan which caused a meltdown at Fukushima -- other countries may try to make the same moves, leaving uranium miners and refiners high-and-dry as demand wanes.

Feeling some pressure this afternoon are:

• Uranium Resources, Inc. (Nasdaq: URRE), down 7.2 percent;
  
  
• Uranerz Energy Corp. (AMEX: URZ), down 8.2 percent;
  
  
• Denison Mines Corp. (AMEX: DNN), down 2.5 percent;
  
  
• Ur Energy (AMEX: URG), down 10 percent;
  
  
• Uranium Energy Corp. (AMEX: UEC), down 7.9 percent; and
  
  
• Crosshair Exploration & Mining (AMEX: CXZ), down 7.5 percent.

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