Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Crosshair Exploration and Mining Corporation Unaware of any Material Change

 CXX Chart 03 Jan 2011.JPG

December 22, 2010 Crosshair Exploration & Mining Corporation wishes to confirm that Crosshair’s management is unaware of any material change in Crosshair’s operations that would account for the recent increase in market activity.

So there we have it straight from the horses mouth.

As we can see from the above chart there has been a 1:4 reverse split in December 2010 which attracted some attention to Crosshair, although the reasons for such a split can be for practical, manageable reasons as there were around 130 million shares issued prior to the split. There has also been an increase in the volume of shares traded since the split which is interesting.

However, we have no other knowledge than what is already out there so for us its a case of wait and see. If any of our readers can through some light on the situation then it would be appreciated as we are just cranking up for 2011 and as yet are not in full swing.

Crosshair currently trades on the Toronto Stock Exchange as CXX and the NYSE Amex as CXZ.

Crosshair’s market capitalization is $81.84 million with 32,87 million shares outstanding, the 52-week high is $2.80 and the 52-week low is $0.10 and is trading at $2.49 as we write.

Over in the options trading pit, we now have 59 winners out of 61 trades, or a96.72% success rate and we have 3 open positions which have reached their targets or thereabouts and will be closed shortly, taking skoptionstrading.com back into a 100% cash position. If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.

sk chart 10 Dec 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.



Disclosure: I am long CXZ.