Q: Do you have any opinion on this company? Thank you
5i Research Answer:
We have minimal information on this one. Its last public filing (July 31) showed a bit of cash, no revenue, losses and negative cash flow. There was a 'going concern' note fromt the auditors. The stock has surged dramatically due to its recent acquisition and development activities focused on uranium assets in Canada's Athabasca Basin, particularly the Key Lake Road Uranium Project. The excitement is also being driven by strong market interest in nuclear energy as a clean, dependable power solution, further boosted by positive sentiment for uranium exploration companies. Other than the sector, though, there is little to justify its giant rise in the past month.