Last updated on 2011.09.18
Two sources tell me that Canada's foundering Powertech Uranium is closing its Edgemont office. This rumor bubbles up just a couple weeks after Powertech closed its Colorado office, supposedly with the intent of focusing on its South Dakota uranium claims.
Powertech Uranium stock broke $4 in early 2007. It hasn't been above $1 since July, 2008. The stock spiked to 58 cents a share last February, shortly after South Dakota legislators with a variety of interests in Black Hills uranium mining introduced legislation favoring Powertech with exemptions from South Dakota environmental oversight.
As of this writing, you can pick up Powertech stock for 13 cents a share. Or you can throw your dime and three pennies in the river and wish for health and happiness. The latter may produce better return on investment.