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« Richard Kang: ETFs Are Active Investors’ Weapon of Choice | Main | Uranium Is Still a Growth Industry »

Crosshair Exploration and Mining Corporation Unaware of any Material Change

CXX Chart 03 Jan 2011.JPG

December 22, 2010 Crosshair Exploration & Mining Corporation wishes to confirm that Crosshair's management is unaware of any material change in Crosshair's operations that would account for the recent increase in market activity.

So there we have it straight from the horses mouth.

As we can see from the above chart there has been a 1:4 reverse split in December 2010 which attracted some attention to Crosshair, although the reasons for such a split can be for practical, manageable reasons as there were around 130 million shares issued prior to the split. There has also been an increase in the volume of shares traded since the split which is interesting.

However, we have no other knowledge than what is already out there so for us its a case of wait and see. If any of our readers can through some light on the situation then it would be appreciated as we are just cranking up for 2011 and as yet are not in full swing.

Crosshair currently trades on the Toronto Stock Exchange as CXX and the NYSE Amex as CXZ.

Crosshair’s market capitalization is $81.84 million with 32,87 million shares outstanding, the 52-week high is $2.80 and the 52-week low is $0.10 and is trading at $2.49 as we write.

Over in the options trading pit, we now have 59 winners out of 61 trades, or a 96.72% success rate and we have 3 open positions which have reached their targets or thereabouts and will be closed shortly, taking back into a 100% cash position. 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 10 Dec 2010.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.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

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Reader Comments (3)

It is my guess that investors are waking up to the potential of this company. It is involved not just in uranium but also REE in the form of Vanadium and also has a large gold deposit. Three pretty good reasons to own the stock. Also it is a stock covered by the most expert mining analyst of small Canadian mining stocks. Check out their website. Although I am not a professional perhaps I should declare I own stock

January 4, 2011 | Unregistered Commenteruranium bug

A lot of negative sentiments have been expressed on this site lately by I guess long time investors (see other posts on Crosshair here).
One should never forget that explorative or junior plays are driven by, far more than blue caps, news. Crosshair's negative returns of the last three years were driven by the uranium story in decline and,even more deadly, the moratorium imposed on CXX's Labrador play. Yet everything is on the rebound. So, what's the problem here? I myself stepped into Crosshair at .22 USD before the rollback, and went down to a measly 0.11 @summer. I took a profit at 2.5 USD, so a return of 175% in let's say merely 1 1/2 year, so to earn back my initial investment & reinvest it. Greed is good, rational greed is better.In my opinion, Crosshair is here to stay in 2011 & beyond...

January 4, 2011 | Unregistered Commenterfirum

Comment@uranium bug & others

Vanadium is NOT a REE!

January 4, 2011 | Unregistered Commenterfirum

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