Lion Copper and Gold Corp (OTCMKTS:LCGMF) (TSX-V:LEO) Stock Consolidates After The Recent Sell-Off
Shares of Lion Copper and Gold Corp (OTCMKTS:LCGMF) (TSX-V:LEO) have been moving within a narrow range after the recent slump.
Market Stats
On Monday, LCGMF stock gained 1.29% to $0.0786 with more than 11K shares, compared to its average volume of 115K shares. The stock has moved within a range of $0.0782 – 0.0786 after opening trading at $0.0782.
Lion Copper And Gold : Announces Definitive Agreement Onoption to Acquire Two b.C. Properties – Form 6-k
Lion Copper and Gold Corp (OTCMKTS:LCGMF) (TSX-V: LEO) on January 31, 2022, announced entering into a definitive agreement with Houston Minerals Ltd on the proposed acquisition of 100% interest in Ashton Property and Chaco Bear Property.
The two properties, comprising of 19 mineral claims cover 80 square kilometers in the firm’s belief of most prospective areas in British Columbia. Located east of Golden Triangle in northern British Columbia, Chaco Bear Property is located in Stikine Terrane and hosted in a precious metals volcanogenic massive sulfide deposit, Eskay Creek deposit.
Located near Lytton, British Columbia, the Ashton Property is within Spences Bridge Group, a belt of early cretaceous volcanic rocks, which covers about 3,200 square kilometers from Princeton to Lillooet in British Columbia. The location is highly prospective for epithermal style gold mineralization.
Lion Copper and Gold Corp confirms that processing data received from 2021 field exploration programs finished by Houston Minerals Ltd.
Travis Naugle, Lion CG’s CEO said that the firm is glad on having added the properties to the exploration pipeline. Naugle added that the company is intrigued by the initial reports from field exploration programs and is aiming to provide the results in near future.
Lion CG is focusing on advancing MacArthur Copper Project in Mason Valley, Nevada.
Key Quote
Travis Naugle, Lion CG’s CEO, states “We are pleased to have added these exciting properties to our exploration pipeline. We are intrigued by initial reports from the field exploration programs and look forward to being able to provide these results in the near future.”
Traders Corner
LCGMF stock is below the 20-Day and 50-Day Moving averages of $0.0857 and $0.1039 respectively. The stock is trading in the neutral zone with the RSI at 42.
