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Uranium prices could average $55-$65 per pound this year before rebounding to the $70-$75 range next year, according to Uranium One Vice President Fletcheer Newton, Bloomberg News reported. A bounce to the $70-$75 per pound level would probably mean some good news for the battered and bruised Uranium Stocks Index, which has plunged almost 50% in the past three months and is down 1.8% today.

At an industry conference, Newton noted that it is not economical for new uranium mines to be built with uranium prices as low as they are today, Bloomberg reported. Denison Mines (AMEX: DNN- News) is proving to be a bright spot in the Index today, with a gain of 1%. The company said on Thursday that its first-quarter 

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