Seafield Resources (SFF, TSX-V) is up 317% since we uncovered this gem last summer when it was sitting at just 6 cents. The stock hit a 52-week high of 35.5 cents in late February at which time we suggested traders should consider taking profits and re-enter on a pullback.
Seafield closed Friday, April 16, at 25 cents – just above its rising 100-day moving average where it has tremendous technical support. We spoke with President/CEO Tony Roodenburg at length last night and we are as bullish as ever on Seafield. We expect the stock to strengthen considerably as drilling commences in Colombia next month and the flow of exploration news intensifies (Roodenburg also runs Greencastle Resources and CNSX-listed Avaranta Resources – we’ll be doing a separate piece on those companies soon).
Interview with Tony Roodenburg
We’ll have our own comments on the Roodenburg interview Monday at BMR along with an updated Seafield chart.
