Ekaterina Zelenkova
5 Vote 0

Pancontinental Uranium Corp. (CVE:PUC), (PINK:PUCCF) Stock Makes Pan Continental Explosion

by Ekaterina Zelenkova Nov 2, 2010
PUC_price_chart.jpgYesterday, Pancontinental Uranium Corp. (CVE:PUC), (PINK:PUCCF) stock became the absolute gainer on the TSX Venture Exchange.

On a volume exceeding twenty four times the average, PUC shares formed not just a spike, but a sword with their 215.79% price shoot up.

The gainer's sword resulted from the reported by Pancontinental Uranium Corp. new deposits, which host heavy minerals containing rare earth elements (REE). The company stated that these deposits are separate from PUC's uranium prospects at the joint venture Charley Creek Project in Australia.

PUC stock entered the market 32% higher than it closed on Friday. The enormous price sword was formed on the highest volume traded in the company's over ten-year trading history.

On the American OTC market, PUCCF was maybe not the volume gainer of the day. But even there the share price of the Grey PUCCF exploded by 222.13% up.

It appears natural that in such a dramatic battle some speculative interest towards the shares of Pancontinental Uranium Corp. occurred.

Anyway, when yesterday the two main Canadian indexes, the S&P/TSX Composite Index and the S&P/TSX Venture Composite Index, closed with a slight pull back, the apparently not correlated to them PUC advanced for years or at least for days ahead.

PUC_from_the_site1.jpgThe Charley Creek project area is located in central Australia and covers 4,196 square kilometers. Three years ago, the company formed a joint venture with Crossland Uranium Mines Limited to earn a 50% interest in a number of prospective uranium projects in Australia held by Crossland, together with all uranium prospects.

Comments (0)

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

This is a captcha-picture.