Riding The Gravy Train: Purepoint Uranium (PTU, PUMGF)

Riding The Gravy Train

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Thursday, November 08, 2018

Purepoint Uranium (PTU, PUMGF)


Purepoint Uranium (PTU in Canada, PUMGF in the U.S.) broke through a 7-year down trend earlier in 2018 and seems poised to shoot far higher as the uranium sector overall attracts renewed attention.


Since Purepoint broke the down trend shown in the chart above, its high has been $0.08 and it'd be especially compelling if clearing that level.

Should it trade to a new low at $0.05 or below however, that'd be a bad sign and a good level to stop out.

We hold shares at an average cost of $0.07

Click here for some of our other uranium holdings.


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