Contrarian Stock Market Investing News - Featuring Bargain Stocks » UEX Corporation http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 23 Nov 2009 16:01:50 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup: Tuesday, January 06th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-january-06th-2009/10948 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-january-06th-2009/10948#comments Tue, 06 Jan 2009 20:05:05 +0000 Doug Casey http://www.contrarianprofits.com/?p=10948 The Canadian Markets started the first full trading week of 2009 in a festive mode with buyers continuing to step up to the plate during Monday’s session. For the tale of the tape, the TSX Exchange added 0.56%, while the TSX Gold Index got hammered to the tune of 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 3.28% with the advancing issuers beating out the decliners by a 515 to 264 margin on volume of 159 million shares traded.

A new resource estimate for the Raven deposit in Saskatchewan helped shares of UEX Corporation add C$0.17 to close at C$1.08. The resource tallied 3.97 million tonnes grading 0.105% U308 in the indicated category and 0.49 million tonnes…

]]> The Canadian Markets started the first full trading week of 2009 in a festive mode with buyers continuing to step up to the plate during Monday’s session. For the tale of the tape, the TSX Exchange added 0.56%, while the TSX Gold Index got hammered to the tune of 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 3.28% with the advancing issuers beating out the decliners by a 515 to 264 margin on volume of 159 million shares traded.

A new resource estimate for the Raven deposit in Saskatchewan helped shares of UEX Corporation add C$0.17 to close at C$1.08. The resource tallied 3.97 million tonnes grading 0.105% U308 in the indicated category and 0.49 million tonnes grading 0.104% U308 in the inferred camp.

It was also a good day for Mercator Minerals. The company reported that it has begun the shipping of copper concentrates from its Mineral Park Mine in Arizona. Mercator ended the day up C$0.30 at C$0.85.

Shares of Teck Cominco (NYSE:TCK) continued to rebound adding C$1.18 to close at C$8.20.

The junior market continues to attract buyers even as the price of bullion lost ground. This bodes well for a sustained rally in January. We will see what Tuesday trading has in store.


Source: Resource Stock Roundup: Tuesday, January 06th, 2009

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