Contrarian Stock Market Investing News - Featuring Bargain Stocks » Northern Continental Resources http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup:Monday, May 04th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-may-04th-2009/16165 http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-may-04th-2009/16165#comments Mon, 04 May 2009 19:23:40 +0000 Doug Casey http://www.contrarianprofits.com/?p=16165 The Canadian Markets made a valiant effort to keep the seven-week winning streak intact but by the end of trading on Friday the late week rally fell just short. For the tale of the tape, the TSX Exchange surged 1.85%, while the TSX Gold Index fell 0.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.12% with the advancers beating out the decliners by a 448 to 334 margin on volume good volumes of 168 million shares traded.

Cameco (NYSE:CCJ), the world’s largest uranium miner tabled a 38 per cent drop in first quarter earnings to $82 million, or $0.22 per share down from the $133 million or $0.37 per share tallied in the same period of…

]]> The Canadian Markets made a valiant effort to keep the seven-week winning streak intact but by the end of trading on Friday the late week rally fell just short. For the tale of the tape, the TSX Exchange surged 1.85%, while the TSX Gold Index fell 0.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.12% with the advancers beating out the decliners by a 448 to 334 margin on volume good volumes of 168 million shares traded.

Cameco (NYSE:CCJ), the world’s largest uranium miner tabled a 38 per cent drop in first quarter earnings to $82 million, or $0.22 per share down from the $133 million or $0.37 per share tallied in the same period of 2008. The average uranium selling price came in at C$46.72 per pound. Cameco expects to sell between 32 to 34 million pounds of uranium in 2009. Cameco ended the day up C$1.75 at C$29.15.

Sticking to the uranium theme, Northern Continental Resources and Denison Mines (AMEX:DNN) are looking to wed. Denison is offering one of its shares for every 10.87 shares of Northern. Northern ended the day up C$0.07 at C$0.195, while Denison closed at C$2.38 for a C$0.14 gain.

The Canadian currency and the Canada Market are making a strong move to the upside with commodity prices leading the way. We shall see what Monday trading has in store.


Source: Resource Stock Roundup:Monday, May 04th, 2009

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