Let’s start up with the current stock price of Western Copper and Gold Corporation (WRN), which is $2.14 to be very precise. The Stock rose vividly during the last session to $1.98 after opening rate of $1.94 while the lowest price it went was recorded $1.91 before closing at $1.93.Recently in News on March 25, 2022, WESTERN COPPER AND GOLD FILES FORM 40-F AND ANNUAL FILINGS. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN) (NYSE American: WRN) has filed its Annual Report on Form 40-F for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission (the “SEC”). You can read further details here

Western Copper and Gold Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.1100 on 03/25/22, with the lowest value was $1.4101 for the same time period, recorded on 01/28/22.

Western Copper and Gold Corporation (WRN) full year performance was 49.61%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Western Copper and Gold Corporation shares are logging -24.38% during the 52-week period from high price, and 81.36% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.18 and $2.83.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1093167 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Western Copper and Gold Corporation (WRN) recorded performance in the market was 23.72%, having the revenues showcasing 30.41% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 362.28M, as it employees total of 6 workers.

Specialists analysis on Western Copper and Gold Corporation (WRN)

During the last month, 0 analysts gave the Western Copper and Gold Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.5859, with a change in the price was noted +0.43. In a similar fashion, Western Copper and Gold Corporation posted a movement of +25.90% for the period of last 100 days, recording 265,703 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WRN is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Trends and Technical analysis: Western Copper and Gold Corporation (WRN)

Raw Stochastic average of Western Copper and Gold Corporation in the period of last 50 days is set at 97.14%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.59%. In the last 20 days, the company’s Stochastic %K was 74.80% and its Stochastic %D was recorded 70.12%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 23.72%. Additionally, trading for the stock in the period of the last six months notably improved by 16.97%, alongside a boost of 49.61% for the period of the last 12 months. The shares increased approximately by 2.66% in the 7-day charts and went down by 12.21% in the period of the last 30 days. Common stock shares were driven by 30.41% during last recorded quarter.

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Author: Sarah Baker

Source: Streetwise Reports   03/24/2022

Shares of Atlantic Lithium Ltd. rose 17% after the company reported the lithium resource at its Ewoyaa Project in Ghana has increased by 42% to 30.1Mt @ 1.26% Li2O.

Australian exploration and development firm Atlantic Lithium Ltd. (ALL:LSE-AIM; ALLIF:OTCQX), which is endeavoring to bring West Africa’s first lithium mine into production, today announced “a significant Mineral Resource Estimate (MRE) upgrade to 30.1Mt at 1.26% Li2O for the Ewoyaa lithium deposit.”

The company noted that the Ewoyaa Project is located within the Cape Coast Lithium Portfolio in Ghana, West Africa and highlighted that the Indicated and Inferred resource of 30.1Mt at 1.26% Li2O represents a 42% overall increase for the Ewoyaa deposit.

The company explained that “the total resource grade remains largely unchanged, highlighting its robust geological fundamentals, and includes a 294% increase to 20.5 Mt at 1.29% Li2O in the Indicated category and 9.6 Mt at 1.19% Li2O in the Inferred category.” The firm added that mineralization remains open at depth and along strike which provides opportunities for further future resource upgrades.

Atlantic indicated that the MRE upgrade was based up the data from 90,308m of RC and DD drilling and advised that the firm is presently continuing with resource expansion and exploration RC drilling.

The company stated that the resource upgrade will significantly improve project economics compared to the prior estimates released in December 2021 that calculated a resource of 21.3Mt at 1.31% Li2O. With the increased resource estimate, the project is now expected to generate more than US$3.43 billion in revenues over a projected 11.4-yer mine-life and that based upon the new estimates it expects to achieve average yearly EBITDA of US$178 million.

Atlantic Lithium’s Interim CEO Lennard Kolff commented, “We are delighted to have increased the Ewoyaa Resource by a further 42% to 30.1Mt at 1.26% Li2O and will continue to grow this robust project with ongoing drilling programs. Our goal was to increase the Resource to support a >12-year mine life and to convert >80% of the previous resource from Inferred to Indicated status. We have comfortably achieved both goals, demonstrating the robust geological fundamentals of the Project.”

“Delivery of the upgraded 30.14Mt at 1.26% Li2O Mineral Resource Estimate including 20.5Mt at 1.29% Li2O in the Indicated category, is an important de-risking milestone for this industry standout project. With Ewoyaa being fully funded to production through our agreement with Piedmont Lithium, this upgrade highlights the exceptional potential of the project and the value that it brings to the company,” Kolff added.

Atlantic Lithium is a lithium mining company headquartered in Brisbane, Qld. Australia. The firm is presently engaged in advancing lithium mining projects through to production in Ghana and Côte d’Ivoire.

The company’s flagship property is the Ewoyaa Project in Ghana. Ewoyaa is the site of a significant lithium pegmatite discovery which is on pace to becoming the first lithium producing mine in West Africa. The project is estimated to generate greater than $3.4 billion in revenues over the 11.4-year life of the mine. According to the company’s website the firm owns exploration licenses covering a 560 sq. km in Ghana and 777 sq. km in Côte d’Ivoire.

Atlantic Lithium began the day with a market cap of around $321.4 million with approximately 573.7 million shares outstanding. ALLIF OTC shares opened almost 18% higher today at $0.6521 (+$0.0990, +17.68%) over yesterday’s $0.5601 closing price and established a new 52-week high price for the stock this morning of $0.6591. The stock has traded today between $0.6138 and $0.6591 per share and is currently trading at $0.6556 (+$0.0955, +17.05%).

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Author: Author

Uranium Energy Corp. (AMEX:UEC) finished Thursday with an addition of $0.02 to close at $5.08, an upside of 0.40 percent. An average of 16,304,740 shares of common stock have been traded in the last five days. There was a gain of $0.46 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 18,177,709 shares traded, while the 50-day average volume stands at 12,993,136.

UEC stock has increased by 71.04% in the last month. The company shares reached their 1-month lowest point of $3.22 on 02/25/22. With the stock rallying to its 52-week high on 03/10/22, shares of the company touched a low of $1.89 and a high of $5.79 in 52 weeks. It has reached a new high 7 times so far this year and achieved 51.64% or $1.73 in price. In spite of this, the price is down -12.26% from the 52-week high.

Insider Transactions

182 days have passed since Uranium Energy Corp. (UEC) last reported insider trading activity. Ballesta Moya Gloria L, who is Director, most recently acquired $10,000 shares at $2.92 per share on Sep 24. In this transaction, the insider spent $29,200. Chief Financial Officer, OBARA PAT, disposed of 20,000 shares at a price of $2.29 on Jul 28. The insider now owns more than $45,700 worth of shares. Prior to that, President and CEO Adnani Amir went on to Sale 109,220 shares at $2.28 each on Jul 28. An amount of $248,563 was transacted.

Valuation Metrics

Uranium Energy Corp. (UEC) has a trailing price-to-earnings (P/E) ratio of 10.66 for the broader industry. The stock’s beta is 2.05. Other valuation ratios to consider include the price-to-book (PB) ratio at 4.88.

Financial Health

The quick ratio of Uranium Energy Corp. for the three months ended October 30 was 6.50, and the current ratio was 16.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending October 30. Its gross profit as reported stood at $2.88 million compared to revenue of $17.51 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Uranium Energy Corp.’s return on assets was -6.40%. For the broader industry, ROE averaged 4.21 over the past year.

Earnings Surprise

The company posted a net income of -$5.47 million in the quarter, while revenues were grew 36.75%. The analyst consensus anticipated Uranium Energy Corp.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.01, a 0.00% surprise. For the quarter, EBITDA amounted to -$4.27 million. Shareholders own equity worth $283.01 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Uranium Energy Corp. (UEC) price momentum. RSI 9-day as of the close on 24 March was 66.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 142.04%.

As of today, UEC’s price is $4.97 +9.96% or $0.46 from its 5-day moving average. UEC is currently trading +50.30% higher than its 20-day SMA and +36.56% higher than its 100-day SMA. However, the stock’s current price level is +36.56% above the SMA50 and +60.76% above the SMA200.

The stochastic %K and %D were 82.20% and 79.19%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 81.69% and the average true range at 0.44, the RSI (14) stands at 64.64%. The stock has reached 0.46 on the 9-day MACD Oscillator while the 14-day reading was at 0.36.

Analyst Ratings

Canaccord Genuity launched coverage on Uranium Energy Corp. (AMEX: UEC) in its analyst report released on October 14, 2020. The firm assigned the stock a Speculative buy rating. The consensus rating for Uranium Energy Corp. (UEC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UEC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

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Author: Vikkie Heron