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Pegasus Resources Inc. (OTCMKTS:SLTFF) Stock Takes a Hit: Falls 21% On Unusual Volume

Pegasus Resources Inc. (OTCMKTS:SLTFF) fell 21% after announcing the completion of its summer 2021 prospecting program on its completely owned (100 percent Pegasus) Gold Mountain and Punch Bowl assets north of Golden in British Columbia.During August 2021, a brief exploration program was conducted at Gold Mountain, including the expansion of polymetallic mineral claim to more than 900 meters from 600 meters in strike length with sample 151659 and main zone sampling confirmation of sample 151637.

Market Stats

On Tuesday, SLTFF stock slumped 21.65% at $0.0433 with more than 1.2K shares, compared to its average volume of 33K shares. The stock has moved within a range of $0.0433 – 0.0472 after opening trading at $0.0472.

Pegasus Resources Inc. Extends High-grade Polymetallic Mineralized System to Over 900 Meters Strike Length at the Gold Mountain Property

Also, seven samples were collected for mineralization characterization and petrographic analysis, alteration, and textures.

Also, the company conducted a brief exploration program out at Punch Bowl in august last year, which included additional historical work confirmation on the asset, confirming mineral deposits within various separate gold-bearing strikes with the collection of 24 samples at the main gold claim. Seven of the samples had more than 0.1 g/t Au with two having more than 1.0g/t Au. So in the coming days, SLTFF is worth watching.

Traders Corner

SLTFF stock is trading below the 20-Day and 50-Day Moving averages of $0.0470 and $0.0549 respectively. The stock is trading in neutral zone with the RSI at 40. 

Published by Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.

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