The week starts positively for the uranium exploration and development company American Energy Field Inc.(OTC:AEFI). Monday closed at $0.75 per share, which is a 15% increase for the day. The volume on the other hand reached 795k – more than twice than the total shares traded on the market since the beginning of 2011. What makes the situation even more peculiaris the fact that there is virtually no reason for this sudden trading activity. There were no company announcements, no stock promotions, there was even no activity in the major financial forums on the Internet.
The more important questions which remains, is whether the upward trend would continue. The company currently has three projects in the pipeline and it is their success that can bring the answer to the above question. The company has no revenues up to date and the total net loss amounts to $2.45 million. It is important to mention that all of the three projects where American Energy Field focuses its operations on are said to be previously explored and analyzed so that there are estimates as to their potential. It is curious, though, that projects which are considered a profitable investment have not yet been utilized by other enterprises, given the growing demand for clean energy production. [BANNER]In general, it is too early to make predictions as to the investment potential of the company. There is a prevailing notion of uncertainty, which covers much of the company operations and maybe this is one reason why many sessions closed without any trading activity. The company has engaged in several acquisitions and mergers since its inception in 2009, all intended to be part of the future strategy for development. It is the actual development of the three projects that should inspire confidence in investors, yet news of that matter is still expected to come.
