little at $3 , I think we are seeing a perfect storm for urre.Oil has bottomed with commodites and now we are going to see a uranium shortage.Spot price should soar.This has at short term and long buy for me.
Obviously (to me, at least), the 32% jump on Wednesday was an emotional reaction to news on problems with uranium mining elsewhere. After the 1-day euphoria, it's back to business as usual for URRE --- selling and shorting, driving the price back down.
Nothing mythical or surprising here. Forecasters of $4 or $11 URRE stock price are just wishful thinkers in the short term; 2-5 years from now is a much better bet.