IRVINE, Calif., April 2, 2007 (PRIME NEWSWIRE) -- "Small and microcap uranium equities appear to be continuing to benefit from significant optimism in the uranium market," stated SmallCap Sentinel analyst D.R. Clark. "Two reports this week should only increase enthusiasm for uranium and by extension, uranium companies such as Uranium Energy Corp (OTCBB:URME).
"Resource Capital Research believes that the spot price of uranium will reach US$125 a pound this year, rising from its current $95 and TradeTech's Nuclear Market Review forecasts a spot uranium price outlook for April at the high end of US$110 per pound," Clark noted. "Obviously, this kind of guidance is music to the ears of companies endeavoring with uranium-centric business plans."
Uranium Energy Corp's share price has risen from $3.30 on January 9, 2007, the day it was first profiled in StockUpTicks & SmallCap Sentinel, to in excess of $9.00 U.S. recently.
Uranium Energy Corp is a U.S.-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The company is developing its advanced-stage Goliad Project in South Texas, with ISR uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the U.S.
A StockUpTicks.com profile of URME is available at http://stockupticks.com/profiles/1-9-07.html
The informational report "Uranium for the SmallCap Investor" has been made available at www.SmallCapSentinel.com and will address the rise of interest in uranium related equities such as Cameco Corp. (NYSE:CCJ) and Uranium Resources, Inc. (OTCBB:URRE) and Uranerz. (AMEX:URZ).
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SmallCapSentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor an offer to sell securities but is rather a paid advertisement provided for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor and this report is not investment advice. MP has been paid twenty four thousand dollars by Uranium Energy for preparation and distribution of this report and other advertising services over a ninety day period. Additionally, MP and/or its affiliates, associates and employees from time to time may have either a long or short position in any securities mentioned but do not currently and have not owned URME. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject companies.