UEC - Uranium Energy Corp Added to Russell 2000 Index and Russell 3000 Index
Started Jun 30 2009 at 10:08AM (EST) (By kenny3570)
AUSTIN, TX, June 30 /CNW/ - Uranium Energy Corp (NYSE-AMEX: UEC, "the
Company"), a U.S.-based resource company with the objective of near-term
uranium production, is pleased to announce that the Company has been added to
the Russell 2000 Index and the Russell 3000 Index as published on June 29 by
Russell Investment Group.
Annual reconstitution of Russell's U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in both indexes remains in place for one year and
means automatic inclusion in appropriate growth and sector indexes.
Russell indexes are used widely by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order to
evaluate performance of investment managers. For more information about
Russell indexes, visit www.russell.com.
http://www.newswire.ca/en/releases/archive/June2009/30/c3017.html
Company"), a U.S.-based resource company with the objective of near-term
uranium production, is pleased to announce that the Company has been added to
the Russell 2000 Index and the Russell 3000 Index as published on June 29 by
Russell Investment Group.
Annual reconstitution of Russell's U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in both indexes remains in place for one year and
means automatic inclusion in appropriate growth and sector indexes.
Russell indexes are used widely by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order to
evaluate performance of investment managers. For more information about
Russell indexes, visit www.russell.com.
http://www.newswire.ca/en/releases/archive/June2009/30/c3017.html
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1 Comments
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guliamo
Jun 30 2009 at 10:34AM (EST)
I've been watching that stock for a while - seems to be going through the roof. Wasn't sure exactly why - could this be part of the reason?