This from today's Canaccord Morning Coffee:

Recent radioactive explosion. Along with the broader markets and the (apparent) bottoming of the uranium spot price, shares of uranium-related companies have been on a tear for more than seven weeks now. Canaccord Adams and your Morning Coffee scribes have been feeding you a healthy dose of bullish uranium news for some time now, including: production cuts and shortfalls from major producers, increasing potential global demand from all the aggressive nuclear power build-outs being announced, giants India and China stating that they are going to start entering the market and stockpiling the nuclear fuel, utility demand and buying picking up, potentially seeing the end of distressed financial sellers and even maybe seeing financial buyers again, and continued movements by countries for green energy and energy independence. Heck, even countries in the oil rich Middle East is getting onboard the nuclear power bandwagon. Yesterday, Bay Street’s largest brokerage came out with a report, revaluing the uranium stocks in their coverage universe - for what they believe could be a 3-4 year uranium bull market rally. The report highlights the looming demand/supply shortfall, utility demand out of Asia and sector consolidation as the main drives behind increased equity valuations going forward. The uranium sector’s biggest player, Cameco, is set to release first quarter$0$0results tomorrow before the open, with the conference 1:00 p.m. Eastern later in the day.