While it is true that the Endurance Gold Corporation (OTCMKTS:ENDGF) stock was trading within a range on Thursday, it should be noted that the company did make a key announcement and it may be a good idea for investors to take a look into it.
Market Action
On Thursday, ENDGF stock ended flat at $0.2234 with 500 shares traded, compared to its average volume of 3.7k shares. The stock has moved within a range of $0.2234 – 0.2234 after opening trade at $0.2234.
Reports Diamond Drill Assays from The Imperial Zone
The company was in the news yesterday after it provided another update with regards to the assay results from the 2021 diamond drilling initiative that had taken place at its Reliance Gold Property. The property in question is situated in the southern region of British Columbia and located around 4 kilometres to the east of Gold Bridge.
In addition to that, it is perhaps also necessary to point out that the property also has access to the road throughout the course of a year and that is an important logistical advantage.
At the end of November 3 this year, Endurance Gold had managed to complete the drilling of as much as 22 drill holes and that spanned an expanse of as much as 4329 hectares. The assay results for the same had been completed back on November 28 and it revealed that there was 10.94 grams of gold per tonne over 5.4 metres.
Key Quote
“We are pleased to see the Reliance Property continue to deliver high-grade intervals over substantial widths,” commented Robert T. Boyd, CEO of Endurance Gold. “This wide high grade Imperial Zone diamond drill intersection is located 420 metres away from the wide high-grade intersections at the Eagle Zone Discovery announced last week, indicating excellent exploration potential of the Reliance Property. We look forward to expanding the system further with the pending assay results.”
Traders Note
ENDGF stock is trading above the 10-Day and 20-Day Moving averages of $0.2234 and $0.2269. Moreover, the stock is trading is the neutral zone with RSI stands at 58.
 Stock Continues to Trade in a Range){kind=link}