It was a good day in the markets for investors in American Rare Earths (OTCMKTS:ARRNF) as the company’s stock came into focus among investors and ended up with gains of as much as 5% amidst significant interest.
Market Action
On Friday, ARRNF stock jumped 4.82% to $0.1500 with 138.93K shares, compared to volume of 61.40K shares. The stock moved within a range of $0.1454 – 0.1569 after opening trade at $0.1454.
American Rare Earths on target to define a significant JORC resource at Halleck Creek
The company was in the news over the weekend as it announced this past Saturday that it had been successful in concluding the 38 hole drilling initiative at the Halleck Creek rare earths project. The project in questions is located in Albany Country in Wyoming, United States. It could be a good idea for investors to perhaps take a look into some of the key highlights from the drilling results.
American Rare Earths managed to drill as much as 5726 meters as part of the program. More importantly, the company also announced that the geological data had continued to reveal the rare earth mineralization enrichment at the property from the surface to depth drilling of 150 meters.
On the other hand, as many as 3817 samples had been collected as part of the drilling program and all those samples had been shipped for the purposes of analysis to ALS Laboratories. It may be a good time to keep an eye on the stock this morning.
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