NexGen Energy (NXE:TSXV) has become the most valuable stock on the TSX Venture. In one of the worst commodity bear markets ever, NexGen Energy is attracting attention from coast to coast.
NexGen Energy ripped another 22 cents higher Wednesday, closing at $1.70 per share on more than 5.2 million shares traded.
NexGen Energy breaks out in March Stock Challenge
The move was enough to capture the Daily Stock Challenge Breakout award in March’s Stock Challenge.
NexGen Energy has been a top performer on the TSX Venture in recent years.
Alexander Smith wrote up NexGen in July of 2015 in an article titled NexGen Energy benefits from Denison and Fission merger. Below is a short excerpt:
“With Fission and Denison assets now consolidated, another successful uranium explorer, NexGen Energy was reaping the benefits of some added attention this week. The company owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, of Northern Saskatchewan.
Two back to back discoveries, the Arrow Discovery in February 2014 and Bow Discovery in March 2015, put NexGen Energy on the map at a time when the majority of uranium exploration companies were falling out of favor. The company’s share price has performed exceptionally well in the past 12 months, rising from a low of $0.265 per share last July to a recent high of $0.89 on June 29th.”
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NexGen Energy hits big at Arrow and Bow Properties
NexGen Energy has confirmed time and again additional high grade uranium at its Arrow and Bow properties.
This morning it was another drill hole that hit off-scale mineralization at the company’s Arrow property. The title read: NexGen Intersects Off-Scale Mineralization 180m Southwest of Arrow Deposit and the A2 High Grade Domain Continues to Expand. Below are some highlights:
“Arrow, Activities & Financial
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The land-based and basement hosted Arrow zone currently covers an area of 865 m by 275 m with a vertical extent of mineralization commencing from 100 m to 920 m, and remains open in all directions and at depth.
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The winter 2016 program comprising 30,000 m of drilling continues with six drill rigs active.
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The Company remains on track for release of an updated NI 43-101 resource estimate on the Arrow deposit due in the second half of 2016
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The Company has cash on hand of $33M.”
Click here to read the entire press release from this morning.
15th place mbcowboy selects NexGen for March
Pinnacle member of more than 9 years ‘mbcowboy‘ surged into 15th place in March’s Stock Challenge after finishing the day with a 35.24% return.
He is the only member in the Top 20 who selected NexGen for March and has no chance at catching ‘OZZIE’ whose return fell to 94.12%.
Long-time member ‘Dougal’ on the other hand, can still catch OZZIE. Dougal’s oil stocks surged Wednesday as his combined average return finished at 80.82%. With just one day left in March’s Stock Challenge, there is no clear winner yet. Click here to enter now for your chance to win silver bullion in April!
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