There was no fresh news about Boss Energy (OTCMKTS:BQSSF) last week but on Friday, the company’s stock emerged as one of the notable gainers and ended the week with gains of as much as 23%. While it is true that there was no apparent trigger for the rally, it should be noted that an announcement from earlier this month might have had a bearing.
Not too long Boss Energy reported that the process related to the front end engineering and design at its Honeymoon Projected located in South Australia was progressing ahead of schedule. The company went on to add that this particular development further reinforced its position as the ‘most advanced emerging Uranium producer’ in Australia.
That might have been one of the major reasons behind the continued interest in the stock among investors. Boss Energy also noted that once the process is completed, the company will be able to efficiently finalise important technical decisions and produce documents related to foundation technicals. In addition to that, the completion of the front end engineering and design process is expected to help Boss Energy with the task of refining budgets and also with product specifications.