Today we feature Stans Energy Corp. (TSXV: HRE), a junior resource development company, as the top momentum gainer since the stock powered more than 33% higher, during the last two consecutive trading days with a significant increase in shares exchanging hands. In the last trading session, HRE was the top performer in the Canadian diversified mining sector having surged 75% while breaking the long term 200 DMA (Daily Moving Average) at C$0.10. The stock closed at C$0.18 while recording significant volume of 5.26 million shares. During the past 5-trading sessions, HRE soared150.0% with daily average trading volume of 1.38 million shares, while the stock accumulated over 118% in the past one-month with daily average trading volume of 315,863 shares.
The stock gained momentum after the arbitration court at the Moscow Chamber of Commerce and Industry ruled in favor of HRE over the Republic of Kyrgyzstan for a claim of $117 million in compensation for losses and damage. In October 2013, HRE claimed that certain actions by representatives acting on behalf of the government of the Republic of Kyrgyzstan were aimed to impede the company from executing its responsibilities under its license and created conditions for termination of the operations of Kutisay Mining LLC, the company’s wholly owned subsidiary.
Company Description:
Stans Energy Corp. (TSXV: HRE) is a Rare Earth mining development company focusing on bringing its past producing mine Kutessay II back into production. The company owns a past producing HREE processing facility outside of China.
1-Year Stock Chart:
Source: Bloomberg
