UUSA.c on track to retest the 50MA next week. I’m interested to see how shares of Kraken Energy (CSE: UUSA) trade next week after the long weekend. UUSA ended last week heading into a retest of the 50MA after making a bullish cross on Monday.
UUSA recently reported highly optimistic radon surveying results from the Apex Uranium Project. These results indicate that there is most definitely uranium present, and help the company define targets for its upcoming drill campaign.
Despite a 15% dip in the latter half of last week, UUSA still shows fairly bullish indicators. I’ll be watching for a bullish bounce from the 50MA to indicate whether SP will continue to make a recovery from here.
UUSA.c is currently trading at $.81, valued at $43.9 million.
https://ceo.ca/@newsfile/kraken-energy-identifies-anomalous-radon-trends-at