Baselode Energy Corp is a fully-funded Uranium exploration company looking for the next world-class deposit in the Athabasca Basin area of northern Saskatchewan, Canada. The company is focused on discovering near-surface, basement-hosted, high-grade Uranium orebodies outside of the Athabasca Basin.
The past 3-months' pullback seems to confirm the bearish breakout.
RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout.
Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
What an IPO, what a run!
The tight share structure of the company (25% of the company is owned by the Management and founders) sent the stock to $4.6 today.
After the incredible Kirkland Lake story, the Fosterville region is more than ever keeping its reputation of creating lots of money.
What about value? Is this stock interesting from a fundamental standpoint?...