Positive radon survey results spur 15% gain for UUSA.c Kraken Energy (CSE: UUSA) saw a strong day of trading, closing up nearly 15%. The company recently announced the identification of anomalous radon trends at its Apex Project, which was definitely a catalyst for this move.
The objective of the radon survey was to identify buried uranium mineralization from bedrock or within overburden west of the historic Apex Mine. Radon gas is a radioactive decay product from uranium, and radon surveying is intended to detect radon diffusing to the surface from buried uranium mineralization.
UUSA.c is currently trading at $.77, valued at $41.69 million.
https://ceo.ca/@newsfile/kraken-energy-identifies-anomalous-radon-trends-at