Q: I had this company on my watchlist a while back and then basically forgot about it. I see it is trading at close to its lowest price in the last year. I also noticed insider trading in the last month so was wondering of you see any upside to this.
Thanks
Jim
Thanks
Jim
5i Research Answer:
PUR is down 41% this year and hasn't enjoyed the uranium sector rally as others have. It remains tiny at $68M market cap, with no revenue, losses and negative cash flow. Insiders own 7%. It has a decent uranium project in New Mexico, with the potential for a long life, low cost mine. A new study increased indicated mineral resources over a 2024 study. The company does not have much cash, and more time and money are needed here for sure. It is not without potential, but needs to be considered highly speculative. We would not be surprised to see some year-end selling, and while it has potential with the right developments (drilling, financing, metallurgy), we can't endorse it at this time.