Why Did Refined Metals Corp (OTCMKTS:RFMCF) Stock Soar 235 On Monday?

One of the stocks which could come on to the radars of investors in a big way over the coming days is that of Refined Metals Corp (OTCMKTS:RFMCF), which experienced a strong rally yesterday and ended up with gains of as much as 23% amidst heavy interest.

Market Action

On Monday, RFMCF stock surged 23.13% to $0.2323 with more than 58.90K shares, compared to volume of 15.02K shares. The stock moved within a range of $0.1057 – 0.2350 after opening trade at $0.1889.

Refined Metals Corp Announces 2023 Simard Exploration Program

The company was in the news yesterday after it announced its plans for its Exploration Program for 2023 at the Lac Simard Lithium Property, which it owns in its entirety. The property in question stretches across an area of as much as 5571 hectares in the Western part of Quebec and is not too far away from Val d’Or. The exploration program is going to be focussed on confirming the areas of mineralization that had been reported in the past.

In addition to that, Refined Metals is also going to look into the exploration of pegmatites and other points of interest. The company is going to use the information that it collects from this exploration program so as to plan further exploration later on in the year. It is now going to be interesting to see if the Refined Metals stock continues to add to its gains this morning or not.

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