Ekaterina Zelenkova
7 Vote 0

Ucore Rare Metals Inc. (CVE:UCU), (PINK:UURAF) Stock Is Rushed Again

by Ekaterina Zelenkova Sep 27, 2010
UCU_price_chart.jpgThe last trading sessions confirmed that since this month Ucore Rare Metals Inc. (CVE:UCU), (PINK:UURAF) stock has made its booking for the list of future investors' favorite picks on the Canadian and on the American market.

At the beginning of the month, the company announced that the United States Geological Survey (USGS), a division of the US Department of the Interior, has increased its involvement in Uncore's Bokan Mountain Heavy Rare Earth project in Southeast Alaska.

The positive information about the continuation of the common interest between UCU and the American government resulted in an explosion of the company's share price on both the Canadian and the American market.

The company's interest in terbium and dysprosium, which are among the most valuable elements in the world and the expressed by the U.S. government interest in these minerals because of their military importance, added on the day of the announcement 11.39% to UCU and 14.32% to UURAF traded shares.[BANNER]

After almost two weeks of hot bids on the company's shares, the volume traded declined, but the investors' optimistic mood remained. Last week, the formed bullish kickers on UCU price chart were clearly stating that a new rush is coming.

UCU_from_the_site.pngThis Friday, on the TSX Venture Exchange, UCU closed with the modest 7.81% price increase, as compared to its 12.28% gain from Thursday, and had a three times the average trading volume.

On the American OTC market, UURAF stock was just like UCU in an upward direction for a third trading session in row. There, the stock closed at $0.5844 per share on a heavy volume.

Comments (1)

1. Michelle
October 28, 2010, 04:50PM

Quotes I'll be investing shortly, and watching closely.

Type the characters that you see in the box (5 characters).

This is a captcha-picture.