A Weekly Recap of All Things Resources to Thursday, April 14th

A Weekly Recap of All Things Resources to Thursday, April 14th

By Rod Blake

‘That’s a Wrap’

Mentally weary investors, traders, brokers and portfolio managers looked forward to this shortened Easter week in the markets, which gave us the following highlights –

Early in the week crude oil fell $3.04 to new 6-week low of US$94.43/bbl and then later rebounded up to US$106.60 Natural gas soared to a new 14-year high of US$7.32/mmbtus .Vancouver based Mexican miner Endeavour Silver Corp. ‘EDR-T’ & ‘EXK-N’ announced a 1 st -quarter silver production increase of 25 % year-over-year to 1.3-million ounces .No sooner had Canadian Prime Minister Justin Trudeau stated that “Nuclear’s on the table, absolutely” for the country to meet its future electricity needs – then Canadian uranium giant Cameco Corporation’s. ‘CCO-T’ & ‘CCJ-N’ shares rose to a new 11-year high of C$39.81 .With what could further disrupt the global supply chain issues – it was reported that with China’s current Covid-19 lockdowns – […]

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