Shares in Black Range Minerals (ASX: BLR) jumped to an intra-day high of $0.034 today from $0.026 yesterday, prompting an ASX price and volume query.
Black Range confirmed to the ASX that there is no material information that has not been released, which may have an impact on the share price.
In afternoon trade, Black Range shares have traded higher, up 38% to $0.036.
The company is focused on advancing the high-grade Taylor Ranch/Hansen Uranium Project in Colorado, USA, towards production.
The wholly owned Taylor Ranch contains a JORC indicated and inferred resource of more than 60 million pounds of U3O8.
Immediately adjacent is the Hansen Uranium Project, which the Black Range recently secured exclusive rights to acquire a 100% interest in, with the combined assets comprising one of the largest uranium projects within the USA.
BLR Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
