Discovery Minerals Ltd (OTCMKTS:DSCR) Stock Rebounds After The Recent Fall: Now What?
Discovery Minerals Ltd (OTCMKTS:DSCR) stock was in focus as the stock ended higher on Friday. How will the stock perform this week?
Market Action
In the previous trading session, DSCR surged 50% to $0.0003. A total of 9.56 million shares traded for the session hands, well below its average volume of 36.11 shares. The stock opened at $0.0002 and moved in a range of $0.0002 – 0.0004.
Key Trigger
September 28, 2021 – Update from Discovery Minerals LTD. $DSCR
Discovery has signed an LOI with a property in Zambia with the owners, containing two gold ore bodies and some copper and cobalt occurrences. This agreement is subject to a full due diligence review of the properties. Ongoing negotiations are currently being carried out as to the final details. Discovery will be the Operators of these mining operations. The gold mines have been declared as having reserves in accordance with two Australian JORC Reports.
Additionally, Discovery would like to apologize for any error or miscommunication regarding PINK status on OTC Markets. We have addressed this issue and have submitted all updated information required today. Verified and PINK status will be up and running soon.
Trader Notes:
DSCR stock is looking weak as it is trading below all the key moving averages with 50-day and 200-Day SMA stand at $0.0064 and $0.0064 respectively. The stock has lost 95% over the past month and 92% over the past 6-month. The RSI stood at 33.
