VR Resources Ltd (OTCMKTS:VRRCF) Stock Falls 7% In a Week: What’s The Buzz?

Over the course of the past week, VR Resources Ltd (OTCMKTS:VRRCF) has had a pretty difficult time in the market and that can be gauged easily from the performance of its stock.

Market Stats

On Wednesday, VRRCF stock ended flat at $0.21 with more than 14K shares, compared to its average volume of 39k shares. The stock has moved within a range of $0.2000 – 0.2190 after opening trading at $0.2143.              

VR Extends H-K Critical Metal/REE Discovery to Over 1,000 Metres

The VR Resources stock has tanked by as much as 7% during the period and in light of such a decline, it may be a good time to take closer look at the company. As it happens, the company was in the news on Wednesday after it revealed fresh geochemical data in relation to the remaining four drill holes from its five hold drilling program that had taken place back in October.

The drill holes in question were at the Hecla-Kilmer project that is located in the Northern California region. It was revealed that there was presence of gold at the drill hole and other key information was also revealed by the company. In general, such an announcement from a company often leads to a higher amount of focus on the stock. However, such a thing did not happen with VR Resources. It is now going to be interesting to see if the stock does experience some action in the markets over the course of the coming days.

Traders Corner

VRRCF stock is trading below the 20-Day and 50-Day Moving averages of $0.2413 and $0.2458 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.3065. The stock is down 5% in the past month.