Toro Energy TOEYF is in the same family of uranium exploration OTC penny stocks from the ASX as Bannerman, Lotus Resources, Boss Energy, Deep Yellow... but it doesn't get nearly as much love as they do (by which I mean it's very low volume). However, somehow, it has a pattern. My analysis is that the price will continue to move upwards in a stair step pattern until breaking a narrowing wedge. Fibonacci retracement maps the way higher. Likely to double or triple.
In case anyone is curious, Toro Energy owns 15% of one of Deep Yellow's properties in Namibia. A Japanese energy corporation another large portion of the property. Toro owns two large uranium properties in Australia, and has partnerships various companies including a uranium deposit in Quebec, and more diversified base metals, gold, potash, and rare earths in Australia.
In case anyone is curious, Toro Energy owns 15% of one of Deep Yellow's properties in Namibia. A Japanese energy corporation another large portion of the property. Toro owns two large uranium properties in Australia, and has partnerships various companies including a uranium deposit in Quebec, and more diversified base metals, gold, potash, and rare earths in Australia.
Comment:
With the current price action I think the support line can be moved over a smidge.