Group Ten Metals Inc (OTCMKTS:PGEZF) (TSX.V:PGE) Stock Soars After Drill Results
There was a big move in the Group Ten Metals Inc (OTCMKTS:PGEZF) (TSX.V:PGE) stock on Monday as investors piled on to it in a big way and sent it soaring by as much as 14%. In light of that rally in the stock, it may be a good time for investors to consider taking a look at the key development from yesterday and then make up their minds about the stock.
Market Stats
On Monday, PGEZF stock soared 14.10% to $0.3423 with more than 869K shares, compared to its average volume of 125k shares. The stock moved within a range of $0.3100 – 0.3488 after opening trading at $0.3150.
Group Ten Reports High-Grade Drill Results Spanning Seven Kilometers at Stillwater West, Demonstrating Significant Potential for Expansion of Critical Mineral Resources in Montana, USA
On Monday, Group Ten Metals provided a report with regards to the partial results from the four drill holes from the second stage of the drilling activities. It was a part of the expansion programme that had been conducted by Group Ten Metals at the 14 hole resource expansion campaign at the Stillwater West PGE-Ni-Cu-Co + Au project located in Montana.
It should be noted that it is the flagship project of Group Ten Metals and any updates with regards to that can prove to be a significant one for the company as well as its shareholders. The company noted that the results from the second tranche continued to support the objectives of the expansion of the mineral resource estimate at the project. The estimate had actually been raised back on October last year.
Traders Corner
PGEZF stock is trading above the 20-Day and 50-Day Moving averages of $0.29 and $0.30 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.29.
