Ups and downs of uranium wannabes

Investors' reactions were mixed towards junior uranium explorers yesterday. UraniumSA's stock closed at a 20 per cent premium to its issue price on its first day as a listed company on the Australian Stock Exchange, while fellow explorer Uranium Oil and Gas closed at a 12.5 per cent discount.

UraniumSA opened at 30.5¢, a 52.5 per cent premium to its 20¢ issue price before closing at 24¢. Trading was frenetic with about 4.9 million shares changing hands, equivalent to 8 per cent of shares on issue.