Expect a rebound when UUSA.c retests the 50MA. Using the highly promising results from its recently completed radon survey, Kraken Energy (CSE: UUSA) is expected to announce updates regarding its first ever drill campaign at the Apex Uranium Project.
The company is also expected to announce the results of a UAV magnetic and radiometric survey in the coming weeks. This will provide Kraken with additional layers of data for exploration drill targeting.
UUSA shares recently made a 40% high volume rebound from all-time lows, and are currently seeing a slight dip. I expect that as shares retest the 50MA, we will see a rebound into continued bullish price action.
UUSA.c is currently trading at $.85, valued at $47.15 million.
https://ceo.ca/@newsfile/kraken-energy-identifies-anomalous-radon-trends-at