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Wednesday's Stock to Watch: URXE! December 6, 2006
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.
MIAMI, FL -- (MARKET WIRE) -- December 06, 2006 -- Stock Market Alerts' performance stock list includes: Urex Energy Corporation (OTCBB: URXE), Altera Corporation (NASDAQ: ALTR), Cameco Corporation (NYSE: CCJ), AMD (NYSE: AMD).
Urex Energy Corporation (OTCBB: URXE) has been pouring out good news lately! According to recent press releases, meetings last week with mining officials from Chubut Province, Argentina have cleared the way for start up of exploration on the Company's Rio Chubut uranium property.
With a huge difference in uranium supply and demand, and uranium prices hitting all-time highs, this good news for the company. It is now expected the seismic refraction survey will start on approximately December 15. The seismic survey is designed to locate buried paleo-river channels about 150 meters below the surface. These channels contain the sandstone and conglomerate rocks that host the uranium mineralization in the Cerro Solo District. Upon completion of the seismic survey, approximately 30 holes will be drilled in a first phase evaluation program.
Also yesterday, it was announced that an Intermediate Price Target of $3.00 was issued From Bridge IR Group (a profile with information is available at www.GrowthStockAnalyst.com ; for the pdf research report visit www.bridgeir.com/URXE_Initiation_Report2.pdf)
The news could have a significant impact on the company's trading! Stock Market Alerts is continuing to maintain its coverage on Urex Energy Corporation. The supply/demand balance for uranium is tighter than any other major commodity and inventories are running low. Events that have taken place which have caused the stock of uranium producers to bounce and uranium prices to set record highs.
Watch this company. About 16% of the world's electricity came from 440 nuclear reactors last year, according to the World Nuclear Association. Currently, there are 28 reactors under construction around the world and another 62 being planned. Japan alone intends to add 11 more by the year 2010 and China hopes to add 24 to 30 by 2020. Production from world uranium mines now supplies only 60% of the requirements of power utilities, according data by the Uranium Information Centre. The rest comes largely from government stockpiles which are running low. With a global building boom for nuclear power plants underway, demand for uranium is only going to rise.
Urex Energy stock closed Tuesday at Eighty Eight cents a share.
A profile of Urex Energy Corporation can be found at: www.wallstreettradingalerts.com/URXE120506.html
Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina. The Cerro Solo exploration block is approximately 20 km x 50 km, and borders the Cerro Solo Uranium deposit to both the North and the South.
Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa and Melrich uranium deposits. Between 1950 and 1978 the Grants Mining District produced 270 million pound of uranium oxide which ranks it as the most prolific uranium district in the United States.
Other Stocks of interest yesterday were:
Altera Corporation (NASDAQ: ALTR) down 0.05% on 5.1 million shares traded. Altera's programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets.
Cameco Corporation (NYSE: CCJ) up 0.6% on 2.2 million shares traded. Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers.
AMD (NYSE: AMD) up 1.4% on 16.9 million shares traded. Advanced Micro Devices is one of the leading global providers of innovative processing solutions in the computing, graphics and consumer electronics markets.
Wall Street Enews is a Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For Their Free Service, Visit www.qualitystocks.net.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Urex Energy Corporation (OTCBB: URXE). The compensation is fifty six thousand dollars (forty two thousand dollars for previous advertising and fourteen thousand dollars for current services) from third party, Equity Alliance International LLC., who may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.
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