While it cannot be denied that Idaho Champion Gold Mines Canada Inc (OTCMKTS:GLDRF) has not been in the news for a long time, the gains made by the company’s stock on Thursday are hard to overlook. The Idaho Champion Gold Mines stock experienced heavy action yesterday and ended the day with gains of as much as 12%.
Market Action:
On Thursday, GLDRF stock rose 11.63% at $0.0893 with more than 23.69K shares, compared to its average volume of 63.51K shares. The stock has moved within a range of $0.0800 – 0.0925 after opening the trade at $0.0925.
Recent Developments
There has been no new about Idaho Champion Gold Mines for many months and the last time any news emerged about the company was back on June 29 this year. It could be a good idea for investors to take a look at that development.
At the time, Idaho Champion Gold Mines announced that it had inked a property lease and option agreement with a private family. The binding agreement allows the company to lease the property within lies within its Champagne Gold Project in Idaho.
Eventually, the company would have the option of acquiring the entirety of the mineral and surface rights. It goes without saying that it was a significant development for the company and one that could have significant positives in the long term. At this point, investors could do well to keep the Idaho Champion Gold Mines stock in their watch lists.
