Technical Roundup on Select Basic Materials Stocks -- Houston American Energy, Northern Dynasty Minerals, Platinum Group Metals, and UR-Energy

Jul 28, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, July 28, 2016 /PRNewswire/ --

The Basic Materials sector may have had a weak start to the year, but it has now bounced back with the boost of increased demand for raw materials. Today, turns investors' attention to four equities in this space: Houston American Energy Corp. (NYSEMKT: HUSA), Northern Dynasty Minerals Ltd (NYSEMKT: NAK), Platinum Group Metals Ltd (NYSEMKT: PLG), and UR-Energy Inc. (NYSEMKT: URG). Learn more about these stocks by accessing their freenotes at:

Houston American Energy 

Houston, Texas-based Houston American Energy Corp.'s shares rose 2.65%, closing Wednesday's trading session at $0.19. The stock recorded a trading volume of 106,876 shares. The Company's shares have advanced 11.76% since the start of this year. The stock is trading 3.29% below its 200-day moving average. Additionally, shares of Houston American Energy, which acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Gulf Coast area of the United States and South America, have a Relative Strength Index (RSI) of 41.25.

On July 01st, 2016, Houston American Energy announced that it has terminated its stock purchase agreement with Tamboran Resources Limited. In February 2016, the Company announced it had signed an agreement to purchase 12.5% of Tamboran subject to certain closing conditions. Those closing conditions were not met by Tamboran and, as a result, the Company has terminated its agreement effective June 30th, 2016. See our complete notes on HUSA at:

Northern Dynasty Minerals 

On Wednesday, shares in Northern Dynasty Minerals Ltd recorded a trading volume of 678,580 shares, which was above their three months average volume of 526,300 shares. The stock edged 4.07% higher, ending the day at $0.47. The Company's shares have soared 57.53% in the last month, 12.52% over the previous three months, and 52.45% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 28.05% and 37.62%, respectively. Furthermore, shares of Northern Dynasty Minerals, which engages in the exploration and development of mineral properties in the U.S., have an RSI of 59.55.

On July 05th, 2016, Northern Dynasty Minerals announced the completion of the private placement of 4,444,376 units, each consisting of one share and one warrant of the Company at a price of $0.45 per unit for gross proceeds of approximately $2 million. The warrants are exercisable into one common share of the Company at the exercise price of $0.65 per share until June 10th, 2021.The warrants will be listed for trading on the TSX once the hold period expires. Proceeds will be used for working capital purposes.The complimentary notes on NAK can be accessed at:

Platinum Group Metals 

Vancouver, Canada headquartered Platinum Group Metals Ltd's stock finished the day 3.97% higher at $3.14 and with a total volume of 360,654 shares traded. The Company's shares have surged 124.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.14% and 24.91%, respectively. Additionally, shares of Platinum Group Metals, which operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada, have an RSI of 50.51.

On July 14th, 2016, Platinum Group Metals reported financial results for the nine months ended May 31st, 2016. During the nine months, the Company incurred a net loss of $1.6 million against net loss of $3.8 million on May 31st, 2015. Finance income consisting of interest earned and property rental fees in the period amounted to $0.8 million as compared to $3.0 million on May 31st, 2015. Loss per share for the period amounted to $0.02 as compared to a loss of $0.04 per share for the comparative period in fiscal 2015. Register for free on and access the latest notes on PLG at:


Shares in Littleton, Colorado headquartered UR-Energy Inc. ended yesterday's session 1.74% lower at $0.56 and with a total volume of 158,003 shares traded. The stock has advanced 3.72% in the last one month and 5.68% in the previous three months. The Company's shares are trading 0.20% and 2.16% above their 50-day and 200-day moving averages, respectively. Moreover, shares of UR-Energy, which engages in the acquisition, exploration, development, and operation of uranium mineral properties, have an RSI of 49.39.

On July 14th, 2016, Ur-Energy provided operational results for Q2 2016. For the quarter, 133,341 pounds of U3O8 were captured within the Lost Creek plant. 130,308 pounds U3O8 were packaged in drums and 148,714 pounds U3O8 of drummed inventory were shipped out of the Lost Creek processing plant. Sales totaled $6.7 million with two contract sales totaling 137,000 pounds at an average price of $39.35 per pound, and one spot sale of 50,000 pounds at a price of $27.00 per pound. Get free access to your notes on URG at:


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