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Forum Energy Metals Corp V.FMC

Alternate Symbol(s):  FDCFF

Forum Energy Metals Corp. is a Canada-based company, which is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. The Company is engaged in the business of evaluating, and if deemed appropriate, acquiring and exploring natural resource properties. The Company’s projects include Aberdeen, Fir Island, Clearwater, Costigan, Nutaaq, Grease River, Henday, Highrock, Maurice Point, NW Athabasca, Wollaston, Fisher, Janice Lake, Love Lake, Quartz Gulch, and Still Nickel. It holds a 100% interest in 95,519 hectares of ground adjacent to Orano’s 133-million-pound Kiggavik uranium deposit located 100 kilometers (km) west of Baker Lake, Nunavut. Fir Island is located approximately five km northeast of the community of Black Lake, on the northeast edge of the Athabasca Basin. The Clearwater Project is located on the southwestern edge of the Athabasca Basin in northern Saskatchewan.


TSXV:FMC - Post by User

Post by ElJon Dec 07, 2020 2:57pm
143 Views
Post# 32051045

Trading volume increase

Trading volume increaseVolume activity has increased a little in the past few days, but at current price these are not big investments:

4 weeks ending Sept. 25th  :  9.13 million shares on TSX
5 weeks ending Oct.  30th  :   9.1 million
4 weeks  ending Nov. 27th :   8.28 million
Week ending Dec.  4th       :   4.48 million
Monday Dec 7th still in afternoon process  440K+

Potentially many reasons, but with the share price range-bound since May 2020, consistent with a current weekly RSI at 49.26 and a weekly MACD flat,  the business plan and financing strategies are critical, including the very interesting decision to be a purchaser of feed rather than a dedicated processing services provider to Glencore.  The daily MACD recently crossing the Red in the rising direction and with daily RSI at 55.35 there may be a slight technical indication of positioning for a price move upwards,

Peace,
Good Decision-making to All,
ElJ
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