In recent times there has been a lot of interest in companies which are involved in the uranium exploration industry and one of the companies that was in focus among investors yesterday was Blue Sky Uranium Corp. Yesterday, the Blue Sky Uranium Corp (OTCMKTS:BKUCF) stock soared by as much as 10% after the company made a key announcement with regards to its business.
The company revealed that Minera Cielo Azul, its fully owned Argentine subsidiary, received a notice which indicated that it had been named in a lawsuit. The lawsuit in question was filed by Argentina based environmental activists.
Usually such a development comes as a setback for the stock of a company but the Blue Sky stock actually rallied after the news of the lawsuit emerged. In addition to that, a preliminary request has also been made for the suspension of exploration activities. There are other companies who have been named as defendants as well.
Further information about the whole situation is possibly going to emerge over the course of the coming days. At this point in time, it might be a good idea for investors to keep an eye on the Blue Sky stock and also on any news regarding the company.