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CanAlaska Uranium Ltd T.CVV


Primary Symbol: V.CVV Alternate Symbol(s):  CVVUF

Energy
CanAlaska Uranium Ltd. is a Canada-based company, which is engaged in the exploration of uranium, nickel and diamond properties. The Company holds interests in approximately 350,000 hectares (865,000 acres), strategically located in the eastern Athabasca Basin. The Company also holds properties prospective for nickel, copper, gold and diamonds. The Company’s projects include West McArthur, Key Extension, Moon Lake South, Cree East, Waterbury South and others. Its West McArthur project is located in the Eastern Athabasca Basin in Saskatchewan, between 6 and 30 kilometers (km) west of the producing McArthur River mine. The Key Extension Project is located in the Southeastern Athabasca Basin in Saskatchewan and lies 15 km from the Key Lake mill complex. The Cree East project is located in the south-eastern portion of the Athabasca Basin. The Waterbury South project is located in the Northeastern Athabasca Basin in Saskatchewan and lies 10 kilometers from the Cigar Lake mine site.


TSXV:CVV - Post by User

CanAlaska Uranium Ltd
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Post by moon56on Mar 17, 2016 9:39am
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Post# 24668954

CanAlaska Uranium Ltd Draws Bullish Attention After Its Gap

CanAlaska Uranium Ltd Draws Bullish Attention After Its Gap The stock of CanAlaska Uranium Ltd (CVE:CVV) gapped up by $0.005 today and has $0.81 target or 191.00% above today’s $0.28 share price. The 9 months technical chart setup indicates low risk for the $7.10 million company. The gap was reported on Mar, 16 by Barchart.com. If the $0.81 price target is reached, the company will be worth $13.56 million more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock is up 3.70% or $0.01 after the news, hitting $0.28 per share. About 58,329 shares traded hands or 13.33% up from the average. CanAlaska Uranium Ltd (CVE:CVV) has risen 6.00% since February 15, 2016 and is uptrending. It has outperformed by 10.19% the S&P500.

By  on Full article:
https://www.smallcapwired.com/canalaska-uranium-ltd-draws-bullish-attention-after-its-gap-up-today/93008/
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