Macusani Yellowcake Inc (TSXV: YEL), a junior uranium explorer, is featured as today’s top momentum gainer since it gained over 13% during the last two consecutive trading sessions with significant volumes. During its last session, YEL was among the top gainers in the Canadian diversified mining sector after rising 15.4% and closed at C$0.15 while recording volumes of 418,579 shares. During the past 5-trading sessions, YEL gained 36.4% with average volumes of 486,276 shares, while the stock surged over 58% in the past one month with daily average volume of 207,534 shares. The stock gained momentum after YEL reported the Preliminary Economic Assessment (PEA) for its uranium deposits in Peru on SEDAR. The company reports that the project has the potential to become a large, low-cost uranium mining operation. In addition, there remains excellent exploration potential to further expand the size of the existing mineral resource.
Company Description:
Macusani Yellowcake Inc (TSXV: YEL) explores for uranium in Peru.
1-Year Stock Chart:
Source: Bloomberg
