OTCQB:UEXCF - Post by User
Comment by
invest4funon Jul 04, 2022 12:50pm
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Post# 34799477
RE:Pop
RE:PopCobalt! wrote:
what made this stock pop up to 35.5 today? There was a huge lot around 10 and now it disappeared. Any ideas?
I posted yesterday that we would pop up to $0.355 because UEX stock is now a proxy for UEC stocks and UEC was up to US$3.32 on Friday. A no brainer that someone would want to snap up UEX at bargain prices. Before trading today:
UEC:UEX share exchange: | 0.0831 | | | | | |
USD>CAD exchange rate: | $1.29 | UEC price US$ | UEC price CAD | UEX price CAD | UEXCF price US$ | UEX price US$ (con from CAD) |
current | | US$3.32 | $4.28 | $0.330 | US$0.265 | US$0.256 |
| UEC price (CAD) x 0.0831= | $0.356 | | |
| difference (+ve means the offer is a premium to current UEX share price) | $0.026 | | |
We have to get used to the fact that UEX will trade in lock step with UEC using the above formula unless (until) another offer comes in.