Uranium Hunter Corp. - URHN

[pro_trader]

Shares of URHN closed near the highs for the day after a brutal two week sell-off that dropped shares from $0.50 to $0.14. These shares are deeply oversold and look ready for a bounce sny day now. Shares should be purchased to capitalize on that bounce.

Press Release Source: Uranium Hunter Corp.


Uranium Hunter Hires US Investor Relations Counsel
Monday September 15, 6:20 pm ET


TORONTO--(MARKET WIRE)--Sep 15, 2008 -- Uranium Hunter Corporation (OTC BB:URHN.OB - News) ("Uranium Hunter" or the "Company") is pleased to announce that it has hired Gary W. Reid as US investor relations counsel. Mr. Reid is based out of South Carolina and has many years of investor relations experience with Public companies. Mr. Reid assists companies with investor relations strategies by introducing them to the investment community at large and building and sustaining investor support.
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Ghaith Qamheiah, President of Uranium Hunter, commented, "We are confident that Gary will help the company reinforce Uranium Hunter's profile in the financial community and enhance the visibility of our project portfolio. Gary will assist the company with communicating to the investing public and create a broad following among key investment community audiences building investor awareness and shareholder value so that we may move forward with our business plans."

About The Company:

Uranium Hunter (OTC BB:URHN.OB - News) is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa. The company website can be found at Uranium Hunter Corp., Uranium Exploration Development, Natural Resource.

Uranium Hunter has entered into a Definitive Agreement with Trimark Explorations, Ltd ("Trimark"), on behalf of its wholly owned subsidiary Gambaro Resources, to earn up to a 100% interest in the Uranium-Au property located in Njombe and Songea Districts, Tanzania. Uranium Hunter has optioned 170 km 2 property in southern Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western US that have become prolific producers of Uranium. Uranium Hunter has entered into another Definitive Agreement with NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi uranium properties which contain over 800 km2 located in Kibaale district, Uganda, called the "Kibaale Project."

The Ugandan government, World Bank, African Development Fund and the Nordic Development Fund has all co-sponsored a US $42 million high valued mineral centered aerial survey which began in January 2007. Results are expected shortly, and will aid in early exploration work on the properties.

[cupofjoe]

I will be watching to see if URHN will get that uptick

[Stock_Analyzer]

Nice call pro_trader.....nice rebound today up 20% and could see .23 range in the short term.

[pro_trader]

Yesterday I reported that, despite a brutal sell-off in sharesof URHN, the stock managed to close near the high for the day and that the odds favored a bottom having been put in place.Today there was additional evidence that supported this belief. The stock closed today above yesterday's high on explosive volume. While still at oversold levels, the stochastics is now pointing higher and looks poised to be exiting the oversold levels shortly. Currently trading at $0.17, the stock could very easily retest its 200 day moving average near $0.30. Shares should be accumulated at these levels as they look to move higher in short order.

[Technical_Indicator]

Agreed pro_trader, looks to be smooth sailing if this volume keeps up with no resistance until around .225 followed by .292

[Naamplao]

I have never seen so much excitement as I do here on a single uptick

Unless you are all daytraders here and watch this stock like a hawk there is little to be recommended in this stock as I see it.

Look at the sharpchart: URHN - SharpCharts from StockCharts.com

What jumps out is that the share price is dropping at an angle that rivals the final moments of the Titanic. The bollinger bands are wide open and where is the share price???....hugging the lower band....oh yeah...that's bullish

Certainly the RSI is in "Oversold" territory or should we say gutter. The TRIX is diving negative and the Accum/Dist is very negative and well below its 20 day MA. The share price 20dayMA has just negatively crossed the 50dayMA and the 200dayMA??? it is not even on the chart it is so high.

Here is the P&F chart for a long term look



Very Bullish here!!!......NOT!!!

The chart itself predicts $0.00 and by the looks of this chart it has the potential to make it. A support level, weak as it was, at $0.14 has been smashed today(at the time of writing on Sept 18). Where the next support comes from, who knows? Resistance levels are now back at $0.14 though this stock does jump a bit so I doubt that is firm. $0.18 is probably a better guess.

Here is the 5 day Linechart from Yahoo



Definitely a turn for the worse here. Before this stock turns around there has to be an end to this slide in price and that isn't a single uptick. Before it turns around there should be a lot of sideways movement.

Unless you are a day trader, watching this stock closely or perhaps a short seller doing the same, those who are for long or short term (more that a day or two), I would stay away from this stock for now. A better bet would be ODD or EVEN, RED or BLACK, even 0 or 00 gets you better odds at making money IMHO.

[bob11]

Converge Global and Uranium Hunter Join Sparrowtech to Develop Arizona Mining Property

TORONTO, ONTARIO, Jun 28, 2009 (Marketwire via COMTEX) -- Sparrowtech Resources, Inc. ("Sparrowtech") (PINK SHEETS:SPMC) announced today that it has entered into option agreements with Converge Global, Inc. ("Converge Global") (PINK SHEETS:CVRG) and Uranium Hunter Corporation ("Uranium Hunter") (OTCBB:URHN) on its recently acquired Eagle Nest Mining Property ("the Property") in La Paz County, Arizona.
Eagle Nest Mining Property

Sparrowtech acquired a 100% interest in the Eagle Nest Mining Property (Claims AMC294529 and AMC294535) from D.A.R. Mining and Mr. Marvin Roe. These property claims include a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95 in La Paz County. Easy access to the mine site and a good water supply will facilitate ease of construction for expansion of the mine site.

Converge Global, Inc. Option (Converge Global Incorporated)

Converge Global acquired an option from Sparrowtech to purchase a 45% Earned In Interest in the Property. Converge Global paid to Sparrowtech US$30,000. Converge Global is required to pay five million shares of CVRG Common stock by July 15, 2009, US$20,000 by September 30, 2009 and an additional US$15,000 to Sparrowtech on June 27, 2010, June 27, 2011 and June 27, 2012, respectively.

Converge Global also agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization.

Converge Global, Inc. is an American-based junior mining company engaged in the acquisition, exploration and development of properties containing principally gold as well as other precious metals.

Uranium Hunter Corporation Option (Uranium Hunter Corp., Uranium Exploration Development, Natural Resource)

Uranium Hunter also acquired an option from Sparrowtech to purchase a 49% Earned In Interest in the Property. Uranium Hunter paid to Sparrowtech US$45,000 and five hundred thousand shares of URHN Common stock. Uranium Hunter is required to pay an additional US$150,000 toward exploration of the Property over a one year period.

Uranium Hunter further agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization and an additional US$15,000 to Sparrowtech on April 21, 2010, April 21, 2011 and April 21, 2012, respectively.

Uranium Hunter Corporation is an exploration company primarily targeting the uranium and precious metal industries in the resource sector. Initially, the Company was founded with the focus of developing a portfolio of quality uranium exploration properties in East Africa. With the recent shift in economic conditions, Management has decided to diversify the Company's interest to include the precious metals industry.

Cornelia Volino, President, stated, "We look forward to working together with both Converge Global, Inc. and Uranium Hunter Corporation in the exploration and development of the Eagle Nest Mining Property. We believe these alliances will be beneficial to the Property and to the growth of Sparrowtech."

Sparrowtech further announced that it will be the Operator Manager of the exploration programs on the Eagle Nest Mining Property and will be entitled to a 15% administration fee on exploration expenditures.

About Sparrowtech Resources, Inc. (Sparrowtech Resources)

Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North and South America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing or producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint

[bob11]

Uranium Hunter Completes Payment on Eagle Nest Mining Property in the Bouse Mining District

TORONTO, Jun 30, 2009 (Canada NewsWire via COMTEX) -- Uranium Hunter Corporation (OTC Bulletin Board: URHN) announced today it has completed its final payment on the Eagle Nest Mining Property in La Paz County, Arizona.
Mr. Calabrigo, President, stated, "By virtue of this payment the Company can now move forward and plan its summer work program on the property. We anticipate commencing work on the property in short order." He further stated, "The Bouse Mining District has a long established history of producing profitable gold mining operations." He cited Cyprus Gold where they profitably mined over 500,000 ounces of gold from their Copperstone open pit resource during the 1980's, which based on today's gold price is valued at over $470,000,000.

In a separate matter, The Company is also in the final stages of assembling a technical team to explore various opportunities for additional expansion into the gold mining arena in South America, specifically, Ecuador and Peru. The sole purpose of this exercise Mr. Calabrigo stated, "Is to increase the asset base of the Company and maximize shareholder value."

[chuck44l]

URHN Support is .10 and .08 resistance is the 20 MA line of .11 .12 and .125 after .125 no major resistance above.

[Technical_Indicator]

URHN on the verge of an uptrend video 8)

http://www.stockhideout.com/images/flash/urhn/URHN.html