BUY Boss Energy (BOE)
*** GENERAL AVICE ONLY***
Trade Date: 14/06/2024
Boss Energy Ltd (BOE, formerly Boss Resources Limited) is a minerals exploration company with focus on Honeymoon Uranium Project in South Australia. Boss Energy is committed to delivering sound Environmental, Social, and Governance (ESG) outcomes. The company recognizes that instilling ESG values creates long-term societal value by addressing needs and challenges.
Recommendation
Boss Energy
Entry price: $4.24
Target Price: Trim $5 and T2 $6
Stop Loss: $3.80
Rationale:
Spot uranium prices have been weaker in the last few weeks coupled with some insider selling from management of Boss energy has led to a heavy sell off in the stock of 35%
Uranium prices have now stabilized and technical signals in BOE are turning.
Boss announced this morning first production at Alta Mesa which the company has a 30% stake
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.