Could This Low Float Gold Exploration Profile Be Primed For A Vertical Surge Based On These 3 Potential Catalysts?
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Now that's a strong start to the week.
UMAX has gotten the party started in a major way. Opening at $.089, it ran to a high Monday of $.1157.
That was good for an intraday surge of 30%. Not too bad.
But now on to something more important.
Gold prices have been on a tear. But why?
When uncertainty grips the globe, in-vest-ors will tend to turn to what is known as "safe haven" assets.
Investopedia defines a safe haven as a type of in-vest-ment that is expected to retain or increase in value during times of market turbulence. (1)
Remember the 2008 fin-an-cial crisis? Beginning in 2007 and running through 2009, gold ran to unprecedented highs and surged hundreds of dollars in price. (2)
The price of 1 ounce of gold hit an all-time record of $1,895 on September 5, 2011, in response to worries that the United States would default on its debt. (2)
CV19? It sent gold prices skyrocketing to over $2,000 an ounce in 2020. (2)
Now here we are in 2022 and uncertainty has become an everyday part of our lives.
We stay in constant suspense of what's transpiring between Ukraine and Russia. Will President Putin continue to push the envelope?
Will we have another variant pop up?
Like I said, uncertainty.
So, where do people turn to when it’s hitting the fan? One safe haven option is gold and gold miners.
What I've uncovered is an exploration company currently trading on the Nasdaq who may be extremely undervalued at current levels based on several potential catalysts.
At 9:30AM EST tomorrow, you'll receive the report, company name, and symbol. Be ready.
In the meantime, here's a couple key details to chew on:
Nasdaq Exploration Profile - 3 Potential Catalysts To Know
#1. As of close on Monday, this profile is displaying almost 100% potential upside to two separate analyst price targets.
#2. This is a low float profile. According to Yahoo Finance, this company's float is fewer than 10Mn shares. That means volatility can be in the cards on a daily basis.
#3. Recent comments from upper-management paint 2022 to possibly be a huge year for this exploration company. With gold prices surging at the moment, it could be the perfect time to tune into this profile.
Take a moment now and do this: