Claude Resources Inc. (AMEX: CGR) Rises Over 30%

(January 10, 2011)Shares of Claude Resources Inc. (AMEX: CGR), a Canada-based company, rallied on Thursday, ending the day 18.54% higher at $2.11.

In the last five trading sessions, the Claude Resources Inc. stock has gained 33.54%. In the last three months, the stock has gained 47.55%. The stock is up an impressive 86.73% in the last six months.

Claude Resources Inc., last month, reported its third-quarter financial results. The company reported third-quarter net earnings of $4.3 million, or $0.03 per share, compared with a net loss of $0.4 million reported for the same period in 2009.

For the nine months ended September 30, 2010, the company reported net earnings of $4.4 million, or $0.03 per share, compared with a net loss of $5.3 million, or $0.05 per share reported for the same period in 2009.

The company reported third-quarter EBITDA of $6.5 million. For the first nine months of 2010, the company reported EBITDA of $12.5 million.

The company’s gold revenue from its Seabee Operation in the third quarter was $15.7 million, up 24% over the same period in 2009.

About Claude Resources Inc.: Claude Resources Inc. is involved in the acquisition, exploration and development of precious metal properties. The company is also a producer and marketer of minerals.

• The Claude Resources Inc. stock has a 52-week range of $0.88-$2.13.
• The stock trades on a daily average volume of 600,042.
• The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
• The stock has a support level at $1.58 and a resistance level at $2.22.
• The stock’s MACD has crossed the signal line and is currently above the zero-line, which are strong bullish signals.

Summary

Claude Resources Inc. reported strong third-quarter financial results. The company’s stock has picked up momentum in the last few trading sessions.