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
« Gold Trading Vehicles: SK Options Outperform | Main | Marshall Adkins: Disparity Means Higher Oil Prices »

Laramide Resources Limited Up 6.22% on Friday

LAM Chart 28 Feb 2011.JPG

We kick off with a quick look at the chart where we can see that Laramide Resources Limited (LAM) has corrected recently, however, the trend remains intact. Also note the gap now opening up between the stock price and the 200dma which we need to monitor carefully as stocks tend to revert to the 'norm' from time to time. The technical indicators have now moved out of the overbought zone and are more or less neutral at the moment, so there is room for Laramide to head north, providing the price of uranium holds steady or indeed increases.

Laramide Resources Limited is a uranium development company offering low cost, low technical risk production in proven jurisdictions.

Laramide has acquired known uranium assets with drilled out resources. Currently Laramide has approximately 62 million pounds of U3O8 (uranium oxide) located in NI 43-101 compliant resources in Australia and the U.S. One U.S. asset entering negotiations on a milling agreement with Utah, with a second US asset in the permitting comment period to be developed when title transfer is finalized.

The Company’s main focus is the advancement of its flagship asset, the Westmoreland Uranium Project in Queensland, Australia. In 2009, Mining Associates of Australia completed a technical report that showed Westmoreland has an indicated resource of 36.0 M lbs @ 0.089% U3O8 and an inferred resource of 15.9 M lbs @ 0.083% U3O8 which ranks it as one of the ten largest uranium deposits in Australia and only one of a handful not under the control of a major mining company.

Ted Dixon of The Globe and Mail reported the following in his column entitled 'Insider Trading'
Meanwhile, since our previous report executives continued to demonstrate faith in the company, purchasing $2.5-million worth of shares in the market. The biggest buyer was CEO Marc Henderson who bought 1,647,500 shares at an average price of $1.38.

We view it as a positive sign when the management increase their holdings in their company as Marc Henderson has, its a show of confidence and bodes well for the Laramide's future performance.

Laramide Resources Limited trades on the Toronto Stock Exchange under the symbol of LAM and has a Market Capitalization of $172.92 million, a 52 week trading range of $0.71to $2.87.

For disclosure purposes we do own Laramide resources Limited.

PS: Just in case you missed it we have just closed an option play on with an average profit of 96.5% on Silver Wheaton Call Options. Click here to read more.

Many thanks to those of you who have recently signed up for options trading service, its very much appreciated. Please be patient as we have a number of new trades on the drawing board and as you are aware the timing of them is critical to their success.

We now have 65 winners out of 67 options trades, or a 97.00% 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 19 Feb 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.

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.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (2)

Hate to be a jinx, but I happen to own this stock. Yes, the stock was up 6.14% on Friday, but only after it was DOWN 14% the five trading days prior.

And yes,I know, there may be slow news days now and again, but do you think these "dead cat bounces" really amount to a hill of beans?


Mr. know-it-all himself,

February 28, 2011 | Unregistered CommenterJoeBronx

Remember this was a high flying stock before the crash , reaching over $16. The trade unions are now puting huge pressure on Qeensland politicians to lift the uranium mining ban in that state. It has such wonderful reserves it really is woth the gamble

February 28, 2011 | Unregistered Commenteruranium bug

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>