On Wednesday, natural resources exploration firm North Bay Resources Inc (OTCMKTS:NBRI) was in considerable focus among investors and managed to clock gains of as much as 55% as investors piled on to it in a big way. The trading volume in the stock was quite heavy in the stock yesterday.
While the considerable gains and the heavy trading volumes are expected to bring the stock into focus among many investors, it should be noted that there was no news about the company yesterday. Hence, it might be a good idea for investors to look into the company’s business at this point.
North Bay Resources is currently working on a range of projects located in North America. Hence, it could be a good move for investors to take a look at some of the projects that North Bay is working on. The company has 100% ownership of a range of mining projects located in British Columbia.
However, that is not all. North Bay also has interests in a range of precious metal projects. Hence, it can be argued that the operations of the company are considerable and it might be the right time for investors to start tracking the North Bay stock in light of the current rally.
Market Reaction:
On Wednesday, NBRI stock soared 55.50% at $0.0014 with more than 910.82 million shares, compared to its average volume of 78.31 million shares. The stock had moved within a range of $0.0008 – 0.0016 after opening the trade at $0.0008. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0046.
 Stock Surges Without News: Is It Sustainable?){kind=link}