Is Ucore Rare Metals (UURAF)(UCU) Headed Towards $1.00?

Junior exploration stocks are always cheap penny stocks that investors day trading penny stocks love to get their hands. But one well-funded junior exploration penny stock will not go down the route many have travelled of diluting their stock to get much needed capital. After the North Springs Resources (OTCBB: NSRS) plunge from the paper profit heavens, investors are skeptical about getting into another exploration company due to their last experience.

Well, they say when you lose your wallet, its best to go back to where you lost it to find it. Hence one of the good penny stocks to watch is dual listed Ucore Rare Metals, Inc. (OTCQX: UURAF.PK)(TSX VENTURE: UCU.V) which is one of the industry leaders in what is best known as Specialty or Technology Metals. With rare earth minerals being gobbled up by the ton from emerging markets like China, UURAF is one of the otc stocks to have on your radar screen as one of the top 10 penny stocks in junior exploration.

Ucore announced last week the completion of bulk scale ore sorting beneficiation study on samples from the Bokan Mountain deposit on Prince of Wales Island in Alaska, USA. Bokan Mountain is UURAF’s primary focus with direct ocean access to the western seaboard and the Pacific Rim which is a significant advantage in expediting mine production and limiting the capital costs associated with mine construction.

Ucore Rare Metals (UURAF)(UCU) has:

  • the Largest Heavy Rare Earth Deposit in the U.S.
  • the Shortest Prospective Timeline to Production (2015)
  • Excellent Logistics: the only REE deposit globally with immediate deep water access
  • Excellent Geopolitical Support (Local; State; Federal)

UURAF YTD Stock Chart:

Ucore sent three one ton samples to Commodas Ultrasort of Wedel, Germany for processing by a full-scale production dual energy x-ray transmission sorter. The results show that 46% of the feed could be rejected as waste with 93% recovery of rare earth oxides. Ucore’s sample proves that there is a potential to have a significant positive effect on the capital and operating costs of the project. Further tests are underway to see if these results can be further refined.

UURAF Stock Price History:

Market Cap: 68.11M
52-Week High (Mar 4, 2011): 1.33
52-Week Low (Dec 30, 2011): 0.33
5-Day Moving Average: 0.42
10-Day Moving Average: 0.41
20-Day Moving Average: 0.44
50-Day Moving Average: 0.46
200-Day Moving Average: 0.50

UURAF Share Statistics:

Avg Vol (3 month): 190,520
Avg Vol (10 day): 93,813
Shares Outstanding: 151.36M
Float: 135.10M

Bottom Line: Canadian companies have been opting to list on the OTCQX recently since it is a cost-effective way to expose them to U.S. investors. Ucore, UURAF, is a penny stock to add to your stock watch list immediately. If the junior exploration stock could return to the level it was one month ago, it would be an immediate 20% gain on the liquid stock. If it returns to the level it was one year ago, you could see a 200% gain on UURAF.

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