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Paring Back on Northwestern Mineral Ventures: Up 25% on No News

Thomas Kelly profile picture
Thomas Kelly
143 Followers

After gaining momentum in recent weeks following some interesting exploration results, Northwestern Mineral Ventures (NWTMF.OB) 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

NWTMF

This article was written by

Thomas Kelly profile picture
143 Followers
Thomas Kelly is a 2005 graduate from the U.S. Naval Academy, where he earned degrees in Economics and Spanish. Upon graduation he was selected as a Fitzgerald Scholar and he is currently studying for an M.Phil in Economic and Social History at Oxford University. His economics background has provided him with a strong basis for understanding the broader picture of the financial markets, and he believes that this is a strong asset when combined with his 8 years of trading experience. Visit his site: OTC Speculator (http://www.otcspeculator.com/)

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