Why Is Western Sierra Resource Corporation (OTCMKTS:WSRC) Stock Up 46% In a Week

Yesterday, there were a number of stocks which had managed to make a fairly strong move in the markets and one of those was the Western Sierra Resource Corporation (OTCMKTS:WSRC) stock. Following an announcement from the company yesterday the stock went up by as much as 16% and it could be a good idea for investors to perhaps take a closer look into it.

Market Action

On Tuesday, WSRC stock rose 16.24% to $0.1163 with more than 4.42 million shares, compared to its average volume of 2.06 million shares. The stock moved within a range of $0.1023 – 0.1430 after opening trade at $0.1047.

Western Sierra Resource Corporation Announces Emergency Mobilization Has Commenced at Twitchell Dam and Reservoir by Mitigation Solutions, a Wholly Owned Subsidiary of WSRC

The company announced yesterday that its fully owned subsidiary company Mitigation Solutions LLC had swung into action to stabilize the Twitchell Dam so as to prevent the overtopping following flooding and rainfall in California. It was a major new announcement from the company and one that brought the stock into focus among investors in a big way as well.

In this regard, it should be noted that the emergency stabilization services which are going to be offered by Mitigation Solutions are going to help in relieving pressure on the dam. On the other hand, this will enable the continued usage of the chutes and discharge gates of the dam despite the situation. At this point in time, it is may be a good idea for investors to keep a close eye on the Western Sierra Resource stock.

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