Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Uranium Stocks Attracting More Interest | Main | Extract Resources Limited: An exciting Prospect! »

Laramide Resources Limited Up 32.77% Today

LAM Chart 28 apr 09.JPG

Chart courtesy of

On the 23rd April 2009 Laramide updated their NI 43-101 with the following news release:

Laramide Resources Ltd. is pleased to results of an updated NI 43-101 compliant Technical Report (“Technical Report”) completed by Mining Associates of Australia (“Mining Associates”) on its Westmoreland uranium property located in North West Queensland, Australia. The results are as follows, with the Technical Report to be SEDAR-filed within the next thirty days.

The primary focus of the 2008 drilling program was to upgrade existing Inferred uranium resources to Indicated resources. This objective was achieved, as Mining Associates has reported an Indicated mineral resource totaling 36.0 million pounds of uranium (U3O8) contained in 18.7 million tonnes at an average grade of 0.089% U3O8, and an additional Inferred mineral resource totaling 15.9 million pounds of uranium (U3O8) contained in 9.0 million tonnes at an average grade of 0.083 % U3O8 on the property. All of the mineralization occurs in flat and steep lying zones within 100 metres depth, with 60 % of the mineralization occurring above 30 metres depth. The flat lying mineralization is between 5 and 30 metres thick and lies between 5 and 30 metres below the surface. Pitchblende is the main uranium mineralization and occurs within both the Westmoreland conglomerate and within altered steep dykes which acted as a reductant to precipitate the mineralization.

Click here to read the report in full. At the time of this report being issued the stock price was $1.52 and has increased steadily until today when it took off.

As we can see from the above chart Laramide has jumped forward on steadily increasing volume. The RSI is now above '70' which suggests that LAM is overbought so we could see a slight pull back.

Other Uraniums performing today include:

Strathmore Minerals Corp.
(Public, CVE:STM) Up 38.30%

Uranerz Energy Corp.
(Public, AMEX:URZ) Up 33.96%

Bayswater Uranium Corp.
(Public, CVE:BAY) Up 33.33%

Ur-Energy Inc.
(Public, TSE:URE) Up 14%

Laramide Resources Limited has a market capitalization of $159 million, with 62.55 million shares outstanding, Laramide closed yesterday at $2.35.

Laramide trades on the Toronto Stock Exchange under the symbol of LAM.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

These are fast changing times and its essential that you stay up to date with what is going on in the market. For our latest commentary and trading signals on gold, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>