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Timberline Resources Corporation (OTCMKTS:TLRS) Stock Gains Momentum: What’s The Buzz?

Timberline Resources Corporation (OTCMKTS:TLRS) jumped 3% on Monday, but the stock is down 8% in a week.

Market Stats

On Monday, ACFN ended flat at $0.60 with more than 34K shares, compared to its average volume of 28K shares. The stock has moved within a range of $0.5400 – 0.6000 after opening trading at $0.56.

Latest News

The company has released the methodical channel sampling operation results at the Oswego Gold Occurrence located in Nevada’s Eureka Gold Project.Timberline geologists gathered 67 rock and channel samples on the 65m exposed fault scarp strike length with high-grade gold assays historically. The sampling campaign focused on the Trench fault and related cross structures. The mineralization and alteration zone was around 10m wide, extensively oxidized at the surface, and open along downdip and strike.

Notably, the Oswego gold resource sits at 1.2 km east of the Lookout Mountain gold resource, and it is a long a splay of Dugout Tunnel Fault. The company took all the samples from its patented claim encompassing the minor traditional prospects adits and pits and the roadcut. Currently, Timberline is drilling along this structure to follow the surface results. Investors should watch TLRS in the coming weeks.

Traders Corner

TLRS stock is trading below the 20-Day and 50-Day Moving averages of $0.15 and $0.15 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.21. The stock is down 34% in the past 3-month.

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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