Here’s why the Alligator Energy (ASX:AGE) share price was snapping higher today

Shares in Alligator Energy Ltd (ASX: AGE) are on the move today following a positive company announcement to the ASX.

At one point, the uranium miner’s shares surged 15% to an intraday high of 11 cents before retracing during midday trade.

Currently, Alligator shares are 1.04% lower at 9.5 cents. “Exceptional high-grade uranium results”

Investors were bidding up the Alligator Energy share price this morning after the company reported “exceptional high-grade uranium results” from the Samphire Uranium Project in South Australia.According to the company’s release, Alligator Energy advised it has received strong results from resource infill drilling, a downhole prompt fission neutron (PFN) logging program, and further sonic core results.The company noted a rotary mud (infill) drilling program in the Blackbush deposit has concluded ahead of schedule. All holes were successfully logged with PFN, three-arm caliper, resistivity, neutron porosity, and natural gamma.Some of the results included: Hole 021 at 3.44 […]

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