Actually, it’s “Rust never Sleeps” and it is the title of a Neil Young Album. I couldn’t resist the pun though. As I was doing my stock screens this morning, I came across this stock and thought that my readers should know about it. I like the chart and the company’s prospects. URANIUM STAR CORP (URST) Is a company that is engaged in the exploration of Vanadium and Uranium in Madagascar and Ontario, Canada respectively.
What I like about the company is the following:
** Uranium is a hot commodity. With the world embracing nuclear energy technology again, demand is only going to go up.
** Vanadium is being touted as a “green” minerals with uses in all manners of batteries and power generation equipment worldwide.
** The company actually has a decent balance sheet. That means that despite having no revenues (as of yet) they do have cash in the bank that will allow them to continue to explore for Uranium.
** The company has a huge retained loss and won’t be paying taxes any time in the near future.
** The company is reporting successful exploration sites in Madagascar (Vanadium)
Their site is www.uraniumstar.com/
I like the chart, too.
The stock is being accumulated and the MACD has made a cross and is above the zero line…three strong bullish indicators. The stock is pushing against the 22 cent resistance level for the third time in a month. If it is able to push above and maintain a price above 22 cents, it could climb above its 52-week high easily (27 cents).
Definitely worth keeping on the radar list.
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