Several U.S. advanced stage uranium companies, whose projects are being developed for production within the decade, one of which is already producing, have broken out. Four of the companies we examined on the American and Over the Counter Bulletin Board are definitely attracting investors.

Thirty-year old Uranium Resources (OTC BB: URRE) is again approaching resistance at recent late November highs. The stock chart’s daily Relative Strength (RSI) is rising which is encouraging. Market capitalization stands at $309 million, which remains relatively low compared to many companies in the space which may never produce uranium. Uranium Resources is one of a handful of U.S. uranium producers. In 2006, some of the company’s uranium mining helped contribute to the highest production year since 1999.

While Uranium Resources lagged the group, Uranium Energy Corp (OTC BB: URME) has been making up for lost time. Since early October, investors could get a nosebleed watching the company’s shares soar. The company’s prospects looked dynamic this past April when we interviewed the company’s chief operating officer Harry Anthony about the mechanics of the In Situ Recovery uranium mining operation (“Reversing Mother Nature”) for our uranium guide. It appears the company is moving forward in producing uranium in Texas before the end of this decade. Market capitalization stands at $269 million. The stock chart’s daily Relative Strength appears to mirror three previous overbought peaks, heralding a near-term price decline.

Energy Metals Corp (NYSE: EMU) also reflects previous overbought conditions on the stock chart’s daily Relative Strength. In our previous interview with the Dennis Stover, the company’s engineering guru – a comparable to Harry Anthony and both are buddies, Dr. Stover insisted Energy Metals would be mining Texas uranium in late 2007 or by early 2008. Shareholders have watched this company jump from the TSX-Venture to Toronto’s TSX to the NYSE Arca in about a year. The company has digested a number of smaller companies in ‘business combinations,’ over the past year, and could add more to their acquired list in 2007 or 2008. Energy Metals approaches the US$1 billion level, having previously eclipsed that in Canadian Dollars on the Toronto. And we remember our first meeting with an Energy Metals geologist when the stock traded for less than $1.50 in Canadian dollars. Last was $12.20 in U.S.

Uranerz Energy (Amex: URZ) has the lowest market capitalization in a peer group of likely uranium producers by the end of this decade. The company is running neck-and-neck with Uranium Energy, which is in Texas, on permitting two of its Wyoming properties for production. Both companies have proven engineers and technical staff. Uranerz Energy has chief executive Glenn Catchpole, who was instrumental in bringing Cameco Corp’s Inkai uranium mine in Kazakhstan to the first phase of production, step-by-step over six long years in Central Asia. Kazakhstan may be poised to become the world’s largest uranium producer over the next decade through solution mining similar to the techniques Catchpole will use in Wyoming. Market capitalization is an embarrassing $213 million, but quite a bit higher than it was in mid October, when you could buy shares for well under $2 (albeit briefly). The American Stock Exchange has added derivative trading to Uranerz Energy’s shares where investors can trade put and call options. Until recently, the highest strike price was $5. Now, it’s $10. We guess the Amex specialist appears optimistic on further price appreciation in Uranerz shares.

In reviewing the top three uranium companies versus the bottom three uranium companies, relative to market capitalization, there is a striking anomaly. Those with the highest market capitalization are dual-listed in Toronto. The companies with the lower market capitalizations are only traded in the United States.

This should end the rumor that U.S. investors have caught onto uranium stocks. It does confirm the hockey-loving Canadians are still snapping up shares in their favorite uranium companies. Who would have ever thought that listing on a Canadian stock exchange would benefit the market capitalization of a U.S. listed company? In the case of uranium stocks, a dual listing on the Toronto exchange is as precious as the soaring price of yellowcake.

Comparison of U.S. Listed Uranium Companies by Market Capitalization
(As of February 26, 2007)

Company Exchange Symbol Market Capitalization
Uranerz Energy American URZ $213 Million*
Uranium Energy OTC BB URME $269 Million
Uranium Resources OTC BB URRE $309 Million
Fronteer Group American FRG $797 Million
Energy Metal NYSE (Arca)EMU $932 Million
Cameco Corp NYSE CCJ $13.93 Billion

*Lowest Market Capitalization of Top U.S. listed uranium mining companies.

COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to StockInterview.com and other publications. His focus on the uranium mining and nuclear fuel sector resulted in the widely popular “Investing in the Great Uranium Bull Market,” which is now available on http://www.stockinterview.com and on http://www.amazon.com