“HOT” stock: Bannerman Energy (BMN)

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Bannerman Energy is a small uranium company whose flagship uranium project is based in Namibia.

“BMN’s project is one of the world’s largest undeveloped uranium assets,” Michael said.

“I recently highlighted Paladin Energy (PDN) as a buying opportunity due to the renewed focus on nuclear energy that comes at a time where there is a major supply deficit.

“BMN is also presenting a buying opportunity at current levels.

“After peaking in May,

“BMN then trended lower, but that downtrend was broken several days ago.

“Earlier this week, the stock then gapped up above major resistance near $2.50 on strong volumes.

“I am now confident that BMN is on the way back up and current levels are a buying opportunity.

“I expect BMN to go on and push above this year’s highs,” Michael said.

Bannerman Energy (BMN)

 

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.

 

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