ConsolidationAs we see nickel rise, our UMJ should make a buck. See chart below. Of course. as many pointed out, expecting $5.00 stock is not realistic in the short or medium ( never say never. lol ) term. This beaten down stock that shut mining ops due to low commidity prices, that traded well over a buck during the nickel peak, is now trading at .13 cents! Now that they are back into mining, this should have a nice uptrend, albeit with some volitility. Bollinger bands are widening, so we can trade the bands for now as it continues its trend. 50 cents should be a no brainer this year.
| Shares O/S 53,215,000 |
Market Cap $7,184,025 |
R3
.150R2
.145R1
.140Pivot
.135S1
.130S2
.125S3
.120 |
https://tradingchief.com/stock-board.php?exchange=CDNX&symbol=UMJ:CA&company-name=Ursa-Major-Minerals-Inc
click on chart.
FH