Strathmore Minerals Corporation: Up 20% Today

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Strathmore Minerals Corporation (STM), like others in this sector has doubled in price since September 2010. Note the heavy volume over the last three days. The indicators suggest that STM is now overbought so a pull back may be on the cards.

Strathmore has been a uranium company since 1996. Its goal is to become a leading uranium producer in the United States. The Company’s uranium property acquisition strategy was initiated when the uranium price was between US $7-15 per lb. Strathmore was successful in acquiring advanced uranium projects in the two largest historical uranium producing regions in the United States: the Gas Hills Uranium District in Wyoming and the Grants Mineral District in New Mexico. Many of these projects were extensively explored and advanced to the mine planning stage, but were later abandoned due to prolonged weak uranium prices. In 2005, Strathmore opened operations offices in Riverton Wyoming and Santa Fe, New Mexico. Projects were reviewed and prioritized, and permitting efforts were initiated. Strathmore’s Management and Technical team led by CEO David Miller, has over 200 years of uranium exploration & development, and mining experience in the United States

Strathmore Minerals Corporation trades on On the Toronto Venture Stock Exchange under the symbol TSX-STM.V, has a market capitalization of $100.20 million, with a 52 week trading range of $0.41 to $1.19.

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