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« This Time, Uranium Demand Is for Real | Main | As Gold Falters, SK OptionTrader Banks Profits of 13%, 17% and 13% »

Fission Energy Corporation Up 19.28% on Friday

FIS Chart 24 January 2011.JPG

As we can see from the above chart Fission Energy Corp (TSX-FIS.V) has been making steady progress over last six months or so with the stock price doubling to close at $0.99 on Friday. The RSI is reflecting this jump in the stock price but the MACD and STO are rising from low levels so we could see some more progress from this point.

Fission Energy is a Canadian based uranium exploration company that has made an exciting new high grade uranium discovery at its Waterbury Lake Property in the eastern portion of Saskatchewan's Athabasca Basin: Home of the richest uranium deposits in the world. Additional exploration properties are held in the Athabasca Basin, Quebec and Peru. The company has just announced a non-brokered private placement financing of up to CDN$5 Million in Units at a price of CDN$.80 per Unit. Each Unit will consist of one common share plus one-half of one common share purchase warrant, with each whole purchase warrant exercisable to purchase a common share at a price of CDN$1.00. These funds will be utilized to drill and develop the Waterbury Lake Uranium Project, a 50%-50% Limited Partnership with the KEPCO Consortium.

So they do appear to be fairly active at the moment in terms of getting things done, could be worth adding to your watch list to see how they go.

FIS Map 24 Jan 2011.JPG

Fission Energy Corporation has a market capitalization of $69.73 million, a 52 week low of $0.17 and a high of $1.20 with 70.43 million shares outstanding.

Over in the options trading pit we have just closed 3 more winning trades, so we now have 62 winners out of 64 trades, or a 96.87% success rate.

If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.

sk chart Jan 2011.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

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Reader Comments (1)

Some of our readers have informed us that this stock is being promoted by a number of newsletter writers which would go some way to explaining the spike in the price. Please do not mention these writers if you do comment as it is unfair to their subscribers, many thanks.

January 24, 2011 | Unregistered CommenterUranium Stocks

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