Trevali Mining Corporation (OTCMKTS:TREVF) (TSX:TV) Stock falls 32% In a Month: Here is Why

February 7, 2022February 7, 2022 Pete Matthews $OTCMKTS:TREVF, $Trevali Mining Corporation (OTCMKTS:TREVF) (TSX:TV), $TREVF, $TREVF news, $TREVF stock, $TSX:TV, $TV, $TV news, $TV stock

Trevali Mining Corporation (OTCMKTS:TREVF) (TSX: TV) down 32% in a month. The company has disclosed that the Perkoa Mine, located around 120 kilometers West of Ougadougou in Burkina Faso, is still operational and unaffected by the current political situation in the country.

Market Stats

On Friday, TREVF stock decreased by 1.17% to $0.9390 with more than 11.9k shares, compared to its average volume of 28K shares. The stock moved within a range of $0.9390 – 0.9769 after opening trading at $0.95.

So far, supply chains remain unaffected, and its workforce is safe. The company is monitoring developments in the country regarding the situation and will offer additional updates in due course.

The Vancouver-headquartered company derives its revenue from lead concentrate and zinc production from its three operational mines. The company owns 90% of the Perkoa Mine, holds 90% interest in Rosh Pinah Mine located in Namibia, and it wholly-owns the Caribou Mine in New Brunswick in Canada.

Additionally, the company owns the Stratmat and Halfmile assets and New Brunswick-based Restigouche Deposit. Trevalis’ growth strategy entails exploration, developing, operating, and optimizing assets in its portfolio and other mineral properties it may purchase fitting its strategic criteria. So, investors should watch TREVF.

Traders Corner

TREVF stock is below the 20-Day and 50-Day Moving averages of $1.16 and $1.26 respectively. The stock is trading in the neutral zone with the RSI at 32.

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.