CanAlaska (V.CVV) up 25% on Manitoba uranium find, Northern Uranium (V.UNO) also advances
Northern Uranium Corp. (TSX: V.UNO, Stock Forum) rose 8% to 7 cents Wednesday after the company said it has intersected significant uranium mineralization on a northwest Manitoba project where it can earn a 70% interest from CanAlaska Uranium Ltd. (TSX: V.CVV, Stock Forum).
At current levels, Northern Uranium has a market cap of $9.3 million, based on 132.9 million shares outstanding. The 52-week range is 19.5 cents and 4 cents.
CanAlaska surged 25% to 17.5 cents on the news, leaving a market cap of 3.9 million, based on 22.1 million shares outstanding. The 52-week range is 24 cents and 8 cents.
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