Basic Materials stocks were up 1.57% on Monday with Alamden Minerals Ltd. (AMEX: AAU) the biggest percentage gainer on the day, posting a gain of 0.36 or 14.01% to close at 2.93 on the day. AAU announced on Friday it had commenced on its surface geologic mapping and rock sampling program for its wholly owned BP project located in Elko and Eureka Counties, Nevada. Shares are approaching their 52-week high of 3.29 set on October 1 and are well ahead of the 50-day moving average of 2.55 and 200-day moving average of 1.39.
Setting a new 52-week high on the day was Lawson Products, Inc. (NASDAQ: LAWS), a North American distributor and marketer of systems, services and products to the industrial, commercial, institutional, and governmental maintenance repair and operations (MRO) marketplace. Shares climbed 11.11% on the day to close at 19.20, significantly higher than its 50-day moving average of 14.84 and 200-day moving average of 15.53.
Mountain Province Diamonds, Inc. (AMEX: MDM) sprung 0.50 or 10.31% on the trading day following last week’s positive results from an independent feasibility study on the Gahcho Kué diamond project located in Canada’s Northwest Territories. Shares closed at 5.35 on Monday, setting a new 52-week high for the company as it creates further distance from its 50-day moving average of 4.13 and 200-day moving average of 2.83.
Uranerz Energy Corp. (AMEX: URZ) pushed forward by 9.37% to close at 2.10 on the first trading day of the week. URZ has been capitalizing on the prospect of additional uranium mines receiving permits in Wyoming. That has led to a significant spike in trading volume for the company with the past five day’s average nearly twice its 50-day average. The 2.10 close is a six-month high for URZ and is well above its 1.45 50-day moving average and 200-day moving average of 1.46.
Ethanol producer Green Plains Renewable (NASDAQ: GPRE) moved up 6.75% on the day to close at 13.12 after a heavier than average trading day. GPRE has seen solid growth since the EPA’s acceptance of a higher ethanol blend for gasoline in newer cars and that growth could continue upwards if that acceptance is passed down to older cars. Shares are currently distancing themselves from the 50-day moving average of 10.59 and 200-day moving average of 12.23.
