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Crescent Resources Corp: Project Update.

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M2 PRESSWIRE-17 January 2007-Pinnacle Digest: Crescent Resources Corp: Project Update(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:17012007

Crescent Resources Corp (TSX-V: CRC) experience a loss in the markets Tuesday as shareholders witnessed a 1.61% decrease in share value coupled with 31,500 exchanging hands before the toll of he closing bell. The company's share price did not move very much throughout the day reaching a high of $0.62 and a low of $0.61 for the day. PinnacleDigest recognizes the importance that the uranium sector has on the development of companies such as Crescent Resources. We decided to investigate this relationship further in the article below. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.

In sector news, uranium continues to be a hot commodity as hedge funds are increasingly adding this resource to their investment portfolios. The steady move towards nuclear energy has been occurring since 2001 when the spot price for uranium was under $10. "We're in a historic uranium shortage," said James Passin, who manages $580 million at New York-based Firebird Management and began buying shares of uranium producers five years ago. "We're in a global nuclear revival." The questions that need answers are: Why is supply so dry? And where is this increasing demand coming from?

Recently, representatives from Crescent Resources Corp....

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