As the trading week comes to a close, the Discovery Minerals Ltd (OTCMKTS:DSCR) stock has emerged as a stock that could be watched by investors at this point in time. Yesterday, the stock experienced considerable action despite there being no news about the company at all and managed to record gains of as much as 12%.
The company is involved in acquiring and then developing natural resource properties. It was back in May that the company had announced that it hired the services of Simon Meldrum in the capacity of the Chief Geologist at Discovery Minerals.
Under the leadership of Meldrum, the company managed to complete the site assessment of many of its sites. The whole thing had been started on April 28 this year and ended on May 8, 2021. However, it is necessary to point out that at the time Discovery Minerals also announced that Meldrum is going to be engaged in continuing with the evaluation of the projects.
The continued evaluation is meant for publications that are going to be made later on by the company. While it is unlikely that the Meldrum appointment had any effect on the rally in the stock on yesterday, it is a piece of news that investors ought to know about.
Market Reaction:
On Thursday, DSCR stock gained 11.78% at $0.0074 with more than 24.44 million shares, compared to its average volume of 127.85 million shares. The stock had moved within a range of $0.0065 – 0.0076 after opening the trade at $0.0070. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0360.
 Stock Gains Momentum: What to do Now?){kind=link}