There are so many people who will have lost money as this stock has sold off and it is likely to be quite some time before this memory is erased and the stock really gets moving again.
URRE has lost 50% in 30 days, which leads me to think we are somewhere in the late capitulation phase, possibly even as low as the despair, final wash-out phase.
The hugely bullish fundamentals for Uranium haven't changed. The Chinese are operating at breakneck speed. The uranium supply just isn't there. As the prices of coal, natural gas and, in particular, oil increase, the need for this alternative fuel could quickly become recognized again by the market.
That move will likely take some months to unfold, but it will come eventually - of that there is no doubt - and you want to be positioned for when it does. We may even have further to go to the downside. But now is certainly an opportunity to buy URRE cheaply. I'm not diving in, but it's not a bad time to be gently accumulating. There are plenty of good juniors out there.
The 200 day ma is at $5.41. Think about that. This company is completely solvent, bankruptcy is not even on the table. Nuclear energy is not going away. Quite the contrary, its gathering steam (pun intended) Once the greatest bear market of our lifetime eases up a little, if URRE just goes up to retest the 200 ma ONE TIME, you have a FIVE BAGGER. Sell at your own risk. I'd sell my first born to pile into more shares at this point.