Seafarer Exploration Corp (OTCMKTS:SFRX) Stock Continues to Trade in a Narrow Range
Publicly traded underwater salvage and exploration firm, Seafarer Exploration Corp (OTCMKTS:SFRX) CEO Kyle Kennedy was a part of The Stock Day Podcast on October 27, 2021 with host, Everett Jolly.
Market Action:
On Wednesday, SFRX stock remains unchanged at $0.0039 with more than 1.09 million shares, compared to its average volume of 984.12K shares. The stock has moved within a range of $0.0038 – 0.0039 after opening the trade at $0.0039.
Discusses Significant Ballast Pile Discovery with The Stock Day Podcast
While Jolly started the interview enquiring about its progress on current projects, Kennedy informed on work on the hull repairs of its ship.
Kennedy said that the company is looking at producing treasureand also spoke about the firm’s progress on its Juno Beach site, where it discovered a significant ballast pile.
The CEO opined that the ballast pile are stored at the bottom and the company is exploring on getting the SeaSearcherreach the top of Juno site. He added that The Stock Day Podcast will focus and eventually DEP and CORP will permit them to move ahead.
Jolly also asked on elaborating about the SeaSearcher technology. The CEO said that there hasn’t been an equipment that can locate precious metals but only iron. He added that scientists in the firm have made a machine capable of exploring silver and gold and differentiating it from the sand through 3D imagery.
On Jolly’s question on stock movement in the next one year, Kennedy said that there is potential treasure on ocean floor, from which only some percentage can create large valuation.
