The market valuation of Australian companies with one or more uranium projects grew faster than that of their Canadian peers over the last 12 months, explore by Resource Capital Research (RCR) has shown. In a report on global uranium companies, released on Wednesday, RCR said that the market assessment of Australian uranium companies had risen by 48% over the last 12 months, compared with Canadian uranium companies, which recorded a 29% increase.
However, the market assessment fell over the past month, with Australian companies suffering a 4% decline and Canadian uranium firms a 2% drop.Over the past three months, the market estimation fell by 16% for Australian miners and 15% for Canadian miners.RCR said in its June uranium report that in the past month, the uranium mining majors have had mixed share price performance.
The share price of the largest-listed uranium-miner, Cameco, fell by 6%, while Denison Mines’ stock share price dropped by 1% . Uranium One’s share price surged by a 24%, on the back of a deal with Atomredmetzoloto, or ARMZ. The Russian company will enlarge its holding in Uranium One to at least 51%. Share prices for Energy Resources of Australia (ERA) were up 7% while Paladin’s share prices remained unaffected.
However, the market assessment fell over the past month, with Australian companies suffering a 4% decline and Canadian uranium firms a 2% drop.Over the past three months, the market estimation fell by 16% for Australian miners and 15% for Canadian miners.RCR said in its June uranium report that in the past month, the uranium mining majors have had mixed share price performance.
The share price of the largest-listed uranium-miner, Cameco, fell by 6%, while Denison Mines’ stock share price dropped by 1% . Uranium One’s share price surged by a 24%, on the back of a deal with Atomredmetzoloto, or ARMZ. The Russian company will enlarge its holding in Uranium One to at least 51%. Share prices for Energy Resources of Australia (ERA) were up 7% while Paladin’s share prices remained unaffected.
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