Western Exploration Inc. (WEX:TSX.V) is a junior exploration company focused on gold and silver discoveries in northern Nevada, and the reason that we are looking at it here is that its fundamentals are sound and its stock looks like a Buy here after its reaction back to support of recent months, especially as the sector now looks set to turn higher.
On its six-month chart we can see that although its trend can be described as broadly neutral from the start of the year, it has actually held up well considering the declines suffered by many stocks across the sector.
After an impressive rally during the first half of June, it then reacted back to lose all the gains and it has now arrived back at a zone of quite strong support where it is viewed as a Strong Speculative Buy and a worthy addition to a junior portfolio.
Western Exploration website
Western Exploration Inc. closed at CA$1.25 on July 14, 2022.
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