On Tuesday, the Element79 Gold Corp (OTCMKTS:ELMGF) stock may have been trading within a range but at the same time it is important for investors to keep in mind that the company also made a key announcement. Stocks trading within a range can also break out strongly and hence, it is perhaps a good move to look into any relevant news.
Market Action
On Tuesday, ELMGF stock ended flat at $0.7453 with 20 shares, compared to its average volume of 147 shares. The stock moved within a range of $0.7453 – 0.7453 after opening trade at $0.8026.
Element79 Gold Files NI 43-101 Technical Report on the Maverick Springs Project
Yesterday, the company was in the news after it made an announcement with regards to the fact that it had submitted a National Instrument 43-101 Technical Report related to the Mavericks Spring Project.
The project in question is located in the well-known gold mining zone in the North Eastern region of the state of Nevada. The report is titled “Technical Report on the Maverick Springs Project, Nevada, USA” and bears an effective date of October 7, 2021. It had actually been prepared by SGS Canada Inc.
It goes without saying that it was a major development for Element79 Gold Corp and it now remains to be seen if the company’s stock experiences any action or not. It is going to be interesting to see if the stock breaks out one way or another over the coming days.
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