(MENAFN- ProactiveInvestors - Australia) Bannerman Resources (ASX: BMN) has received an ASX price and volume speeding ticket following a 32% jump in the company's share price to $0.096 intra-day yesterday, when compared to the opening price of $0.073.
Bannerman commented that it was not aware of any information that has not been announced to the market, which may explain the recent trading in the stock.
The company did however state back to the ASX:
"The company notes the recent rally in the uranium spot price and the recent re-election of the pro-nuclear Liberal Democratic Party to Government in Japan.
"Given the size of its Etango Project, Bannerman's share price is significantly leveraged to the uranium price."
Bannerman's 80%-owned Etango Project is one of the world's largest undeveloped uranium deposits and is situated southwest of Rio Tinto's (ASX: RIO) Rössing uranium mine and to the west of Paladin Energy's (ASX: PDN) Langer-Heinrich mine.
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