BrightRock Gold Corp (OTCMKTS:BRGC) Stock Extends Rally: Up 28% In a Week
On Monday, the BrightRock Gold Corp (OTCMKTS:BRGC) stock was one of the notable movers as it ended the day with gains of as much as 6% following a key announcement from the company. The company came into focus yesterday after it announced that it had been successful in completing the staking related to its 1400 acre expansion.
Trading Data
On Monday, BRGC stock jumped 5.85% to $0.4970 with 229.92K shares, compared to its average volume 132.21K shares. The stock moved within a range of $0.4275 – 0.4999 after opening trade at $0.4695.
BrightRock Gold Corp Announces Completed Official Staking of its 1400 Acre Expansion at the Midnight Owl Lithium Project
It should be noted that the announcement with regards to the expansion had been announced by BrightRock Gold earlier on in the year. The company announce that it had been successful in staking as many as 68 more unpatented lode claims that covered an expanse of as much as 2 square miles.
The lode claims are situated in the northeastern part of the White Picacho District that is located around 10 miles from Wickenburg in the state of Arizona. This was an important development for the company since the expansion was going to expand the Midnight Owl Lithium Project across a number of pegmatite bodies.
More importantly, some of the adjoining areas are owned by BrightRock Gold in its entirety. It now remains to be seen if the BrightRock Gold stock can manage to add to its gains today.
Key Quote
BRGC CEO Mac J. Shahsavar, P. Eng. commented “Staking is back breaking work, that difficulty is only amplified in a desert type environment. We are thank-ful and give tremendous credit to Steven Cyros and his team for accomplishing such a task with accuracy. Attention to detail like this is vitally important during these historic times in the lithium market when so many are looking for a piece of a pie.”
Technical Data
BRGC stock is trading above the 20-Day and 50-Day Moving averages of $0.39 and $0.34 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.18.