This morning many investors are probably looking into some of the major gainers from Wednesday and one of the stocks that could be hard to ignore would be the Western Sierra Resource Corporation (OTCMKTS:WSRC) stock.
Market Action:
On Wednesday, WSRC stock moved up 108.01% at $0.1429 with more than 31.72 million shares, compared to its average volume of 1.79 million shares. The stock has moved within a range of $0.0675 – 0.1489 after opening the trade at $0.0675.
Key Driver
After a major announcement from the company on Wednesday, investors piled on to the Western Sierra Resource stock in a big way and sent it soaring by a staggering 108%. Considering the magnitude of the gains, it is likely that the stock is going to come into focus today as well. The company announced yesterday that it had been successful in completing the audits of the Annual Financial Statements for the fiscal years ending on December 31, 2019 and December 31, 2020.
The audits were conducted by an independent auditor BF Borgers CPA PC and the whole things was completed under the provisions of the Generally Accepted Accounting Principles. After the completion of the audits it was revealed that as of December 31, 2020 the company had total assets of as much as $47.4 million and as of June 30, 2021, the total assets with Western Sierra Resource stood at $49.6 million. It would be interesting to see if the stock can hold on to its momentum today.
