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NexGen (V.NXE) continues to soar on Athabasca results: up 139% in three days

Stockhouse Editorial
1 Comment| February 21, 2014


The party at Vancouver-based NexGen Energy (TSX:V.NXE, Stock Forum) continued Friday as investors kept piling on to NXE stock in the wake of strong drill results Wednesday.
 
The company announced it had drilled 26.2 meters of highly anomalous radioactivity on a mega hole at their SW Athabasca Basin land.
 
Stock in the company has jumped every day since, rising 82% on the day of the announcement and a further 19% by Friday noon, going from $0.23 Wednesday to $0.56 today, on 2.6 million volume.
 
Fission Uranium (TSX:V.FCU, Stock Forum), which had its own mega-hole results on the same day but was somewhat drowned out by the NexGen run, has climbed from $1.21 to $1.29 in the time since, a more modest increase for sure, but a sign that an increasing number of investors are viewing the Athabasca less as a ‘what if’ and more as a ‘when’.
 
Fission’s CEO Ross McElroy won the PDAC Prospector of the Year Award and Discovery of the Year Award in January.
 
Interest in potential microcap acquisition targets such as Aldrin Resource Corp (TSX:V.ALN, Stock Forum) and Makena Resources (TSX:V.MKN, Stock Forum) has also increased on the back of the larger players’ work.
 
FULL DISCLOSURE: Fission Uranium, Aldrin Resource and Makena Resources are Stockhouse Publishing clients.

Tags: INDUSTRIAL METALS & MINERALS

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Melenny
UAX is next to take off. There land is positioned 20 Km to CCO largest find. Uranium should have a great year.
2.5 stars
February 22, 2014
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