Goliath Resources Limited (OTCMKTS:GOTRF) Stock Falls Again: Where is the Bottom?

On Friday, the Goliath Resources Limited (OTCMKTS:GOTRF) stock was in the middle of a bit of a selloff and went down by as much as 7%. While the decline in the stock was considerable it should also be noted that on Friday the company also made a fairly positive announcement.

The company provided an update with regards to its first drilling campaign in 2021 at the Golddigger Property, which is owned entirely by Goliath. Goliath announced yesterday that it managed to make drill that was as much as 61.5 metres deep and resulted in an intercept of quartz sulphide veining and brecciation.

It may be a positive development for the company but it did not do much good for the Goliath Resources stock. As a matter of fact, the stock suffered from a significant selloff following the announcement yesterday. It now remains to be seen if the Goliath Resources stock can actually make a recover from Monday onwards. It should be noted that the company also announced that another drilling campaign has been funded fully and is going to be a part of the campaign. Investors could do well to keep an eye on this stock in the coming days.

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