The mining sector continues to be one of the more sought-after sectors at this point in time, and this morning it may be a good idea for investors to consider taking a look into Global Uranium Corp. (OTC: GURFF). The company was in the news cycle yesterday after it announced it had engaged Big Rock Exploration LLC.
Exploration Boost
Global Uranium Corp. hit the news cycle yesterday after it announced in a news release that it had engaged the services of Big Rock for the purpose of starting the Phase II exploration work at the Wyoming Group of Projects that it owns. It was a major new announcement from Global Uranium Corp since the engagement of Big Rock constituted the next step in the refinement of the exploration targets.
Key Information
The targets in question are spread across the Jabs, Big Bend, Airline, WAC, and Jeep properties situated in the important uranium zones in Wyoming. Big Rock would be responsible for the development of an exploration framework as per the provisions of the engagement terms and would build upon the successful completion of the Phase 1 work at the same cluster of properties.
Key Quote
“We are excited to continue advancing our Wyoming uranium assets with the support of Big Rock Exploration,” stated Ungad Chadda, CEO of Global Uranium. “Their technical expertise and systematic approach to target development align well with our exploration objectives, as we work towards testing for economically viable uranium mineralization within our claim holdings.”
Technicals
| +/- EMA(20) | 0.29 (-53.34%) |
| +/- SMA(50) | 0.5 (-72.94%) |
| +/- SMA(200) | 0.41 (-67.00%) |
| 5-Day Perf. | -47.56% |
| 1-Month Perf. | -65.54% |
| 3-Month Perf. | -76.26% |
| 6-Month Perf. | -45.88% |
| YTD Perf. | -79.18% |
| 1-Year Perf. | – |
| RSI(14) | 16.4 |
| ATR(14) | 0.05 |
| ADX(14) | 55.44 |
| Beta (5Y) | -0.10 |
