April 20, 2006
SpeculatingStocks.com Stock Pick: Uranium Energy Corp. (URME)
Stock Price: $3.20 (short-term strong buy)
Uranium Energy Corp. is a US-based junior resource company with near-term objective of uranium production in the United States. The company is positiong itself to capitalize on the world's first significant alternative energy boom.
Uranium Energy Corp. has been staffing its organization with officers who have years of experience in the uranium mining industry. URME just went public in an IPO on February 17th. Within two days, URME reached a high of $7.33. URME has since dropped as low as $1.95 before trending up recently.
Volume has now been building and URME looks to be ready to breakout. There are only 18 million URME shares outstanding. URME will move fast when it breaks out and it could even move to its high of $7.33.
SpeculatingStocks.com Target Price: We expect URME to reach $5.00 within the next 15 - 30 days.