The Globe and Mail reports in its Friday, May 3, edition that Eight Capital analyst Puneet Singh rates Atha Energy "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Singh set a share target of $3. Mr. Singh is the lone analysts covering Atha Energy. Mr. Singh says in a note: "Explorers with recent discoveries in the Athabasca basin were up 60 per cent on average on the day the hole was announced, highlighting the potential for Atha Energy to provide torque to investors through exploration. Given its commanding land position (8.1 million acres across its portfolio) and total mineral inventory (57.8Mlbs) we believe a) there isn't an actual true peer comparison for Atha and b) Atha will likely become a takeout candidate. Larger producers that have curtailed exploration budgets for years or developers looking for the next leg of growth could be possible suitors. Speaking with investors, finding a quality uranium exploration story to invest in is few and far between. Atha is unique in that it's well capitalized, has decent trading liquidity, has tangible pounds underpinning its valuation, and is well funded ($60-million in cash) to explore its properties."