Sidney Resources Corporation (OTCMKTS:SDRC) Stock On Radar After Latest Development
The Idaho based exploration and development firm Sidney Resources Corporation (OTCMKTS:SDRC) has leased and also owns certain mineral claims in the state. It is also well-known for being at the forefront of developing mining technology that is transformative in nature.
Trading Data
On Friday, SDRC stock jumped 0.07% to $0.1410 with more than 373.69K shares, compared to its average volume of 193.10K shares. The stock moved within a range of $0.1406 – 0.1480 after opening trade at $0.1410.
Sidney Resources Corporation Releases Chemical Assay At Lucky Ben Gold & Silver Project
This past Friday the company came into the news cycle after it announced that the second phase of chemical assay test results that had been compiled by Liberty Refiners. It was announced that the season sampling in question had been conducted across a 300 foot section in an exposed vein at the rehabilitated Lucky Ben Tunnel. Some additional locations had also been the part of the process and that included the daylight Stope as well.
It should be noted that the average assay result that had been obtained from the particular vein material section had been 139.30 grams per ton in case of gold. On the other hand, the company also noted that it had also collected a larger sample from the exposed daylight Stope.
The average result from there stood at 65.8 grams per ton for gold. The announcement was a significant one from Sydney Resources and it may be a good time to keep an eye on the stock.
Technical Data
SDRC stock is trading below the 20-Day and 50-Day Moving averages of $0.14 and $0.15 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.16.
