logo-loader
MiningUranium
Uranex

Uranex's shares climb higher on strong volume

au_share_price_up350_52ae25eadb9c5.jpg

Uranex's (ASX: UNX) shares closed 14.3% firmer on Friday with the volume of 2.4 million shares, which is one of the company's most actively traded days recently.

The company recently wrapped up a diamond drilling program at its wholly-owned Nachu graphite project in Tanzania.

The program covered 13 holes, with core logging and cutting underway.

Late last month, Uranex raised $2 million from a share placement to sophisticated investors at an issue price of $0.11 per share, providing financial certainty to advance Nachu towards a maiden resource and scoping study in first quarter 2014.

Uranex shares have been rising recently following multiple visible intersections of graphite.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Uranex

Price: £0.00

Market: ASX
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

3 days, 2 hours ago

2 min read