Despite an ealier post fearful of a retreat back down to nearer 2c it would appear that NRU is on the move again. Wind the clock back 6-8 weeks and there was a similar trend occuring as we approached the Posit announcement (pre extension). I think we were all caught a little off guard with the further 60 day extension but this could be a blessing in disguise if they make a deal on the right projects. Momentum is gaining fast as the market now clearly anticipates some good news...
Market cap has nearly doubled in the last month as people load up hoping for a bounce on a positive announcement. This represents a measure of the companys size. In order to estimate it you should use the number of outstanding shares to multiple the current price of the stock - makes for intesting reading..
fingers crossed cos i am firmly in that boat.
NRU Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held
