Globe Uranium (GBE): Winner

Submitted by Marco on 19 November, 2006 - 16:00

Globe Uranium (GBE) Stock Price Chart

Globe Uranium (GBE) is the winner of the week (week 46 of 2006) – the best performing company on the Australian stock market this week. The uranium mining company closed the week 32 percent higher on news of a uranium discovery in Malawi which the company released on the ASX on the 14th November. They reported that there was a greenfields uranium discovery at Kanyika in central Malawi. Globe Uranium is planning a follow-up exploration which will include trenching, detailed mapping and sampling and then drilling of high grade zones.

Globe Uranium Limited is listed on the Australian Stock Exchange (ASX) under stock code GBE. You can view their investor website here. GBE was listed on the ASX on 9 December, 2005. Globe Uranium (GBE) is an Australian-based uranium company whose strategy is to become a leading producer of uranium through global exploration and acquisition of advanced-stage uranium projects. Globe Uranium currently has three exploration licences in Western Australia (Bali Hi, Hooley Camp and Lake Teague which all cover 180 sq km), with two current applications. In Malawi they have two uranium exclusive prospecting licences, Livingstonia and Kanyika which covers 928 sq km. In Argentine they have five exploration permits covering 390 sq km: Canguru I, II and III, Cerro Tin Tin and Puesto Orozco. Browse for Australian stockbroker recommendations. Check your charts and good luck with your share trading!