After gaining momentum in recent weeks following some interesting exploration results, Northwestern Mineral Ventures (OTC:NWTMF) was up 25% Friday on no news. I’ve decided to use the surge to sell 25% of my overall position at $0.99, booking a nice profit here.
I continue to hold Northwestern as an interesting uranium exploration play, but I find it prudent to book some gains here while we wait for further exploration results.
NWTMF continues to have some of the most exciting exploration prospects in the uranium mining industry, so there is certainly potential for this one to go much higher. However, taking a bit off the table never hurts in these high risk, high reward situations.
NWTMF.OB 1-yr chart