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OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 30th, UREX, UTVG, WWAT, WITM, RGRP.

Publication: M2 Presswire
Publication Date: 30-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2006-OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 30th, UREX, UTVG, WWAT, WITM, RGRP(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:30112006

Our Stocks to Watch today include Urex Energy Corp. (OTCBB: URXE), Universal Travel Group (OTCBB: UTVG), and watch alerts for WorldWater & Power Corporation (OTCBB: WWAT), Wits Basin Precious Minerals Inc. (OTCBB: WITM), ROO Group Inc. (OTCBB: RGRP)

Visit http://www.otcpicks.com to register for our FREE Daily Market Mover's Digest Newsletter.

FEATURED COMPANY

UREX ENERGY CORPORATION (OTCBB: URXE) "Up 3.62% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/URXE.php

Company Profile: http://www.otcpicks.com/profiles/urxe/index.php

Urex Energy Corp. (OTCBB: URXE) is focused on actively exploring and developing uranium properties in Argentina and New Mexico. 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 pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.

URXE News:

Nov. 30 - Worldwide Uranium Shortage to continue for next few years as supply/demand start to align.

According to the World Nuclear Association, as of August 2005 there were a total of 440 operable commercial nuclear power plants around the world supplying approximately 16% of the world's power requirements with an aggregate installed generating capacity of 367,684 megawatts requiring 178 million pounds of uranium per year. Today there are 35 new reactors under construction in eleven countries and another 35 are in the planning stages. Since 1990 uranium requirements have outstripped uranium production. One reason the price of uranium should keep escalating is that producers are only starting to ramp up to meet the strong demand. Utilities globally need 180 million pounds of uranium annually, but at this point a mere 108 million pounds are coming out of the ground. Through the 1990s, uranium oxide prices stayed low because surplus uranium came into the market from weapons decommissioning. That surplus inventory worked its way through the market. Market analysts forecast a "deep supply-side shortage" of uranium, citing that new mining production hasn't yet come online to remedy the deficit. In the year-ago forecast, the uranium deficit was expected to grow to nearly 20 million pounds this year (from a surplus of 6 million pounds in 2003), and then leap to a peak deficit of more than 35 million pounds in 2006. Deficits in excess of 30 million pounds were also anticipated for 2007 and 2008.

FEATURED COMPANY

UNIVERSAL TRAVEL GROUP (OTCBB: UTVG) "Up 3.45% in morning trading"

Summary & Quote: http://www.otcpicks.com/quotes/UVTG.php

Company Profile: http://www.otcpicks.com/profiles/uvtg/index.php

Universal Travel Group (OTCBB: UTVG), through its wholly owned subsidiary, Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), is engaged in travel services pertaining to domestic and international lines through Hong Kong, Macau, and Taiwan. The Company's core services include dynamic booking for air tickets, hotels, and restaurants, as well as tour routing for customers. For more information, visit http://www.chutg.com

UTVG...

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