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  • Writer's pictureSmallCapInvestor

Breakout Alerts for $ATX and $NEXE

Atex Resources (TSXV:ATX)

A copper exploration company focused on the Valeriano project in Chile, heavily backed by gold billionaire, Pierre Lassonde. ATX is tracking a large porphyry-style copper deposit with some incredible drill hits including 1,160m grading 0.78% copper equivalent and more recently, a 200m step-out which intersected 1,194 metres grading 0.73% copper equivalent. The intercept ranks highly among the top copper intercepts over the last three years, even better than Solaris Resources, which currently has a market cap over $900M.

Although the mineralization occurs at a depth over 1000m, this is a block caving project, so if certain conditions are met, would allow the company to access the mineralization at depth for relatively low cost compared with traditional underground mining methods - read more about block caving here.


ATX stock hit a new 52-week high yesterday, breaking through the long-term resistance level at $0.95 on high volume.


NEXE Innovations (TSXV:NEXE)

A refreshing change for my portfolio away from the traditional junior mining play. A nice opportunity to make a ton of money while also feeling pretty good about it. Love the product and the fundamentals — especially with banning of single-use plastics in Canada and NEXE’s ability to expand their product portfolio beyond coffee pods. I see big things on the horizon for this company.


The stock is edging closer towards 52-week high levels. Watch for a breakout above $0.70.



DISCLOSURE

The author owns shares of Atex Resources and NEXE Innovations and may choose to buy or sell at any time without notice. The author did not receive any compensation for publishing this article.


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