Yesterday, there was a strong selloff in the Idaho Champion Gold Mines Canada Inc (OTCMKTS:GLDRF) stock and it declined by as much as 14% as a consequence.
However, at the same time, it is perhaps also necessary to note that the selloff was not triggered by any specific news about the company. To many investors, the whole thing may appear quite random and maybe even a bit speculative in nature. Hence, it may be a good move to take a look at past developments and get a bit of an idea about the company in general.
The last important news with regards to Idaho Champion Gold Mines Canada emerged on July 14 this year when the company announced that the Bureau of Land Management awarded it the necessary permit for extending drilling at one of its key properties this year.
The property in question is the Federal Mining Claims located in the Champagne Gold Project that is owned by Idaho Champion Gold Mines Canada in its entirety. The property is situated not far from Arco in Butte County in Idaho. However, it is unlikely that this particular development had an effect on the company’s stock yesterday.
