If you are on the lookout for stocks which may have made strong moves over the course of the past week, then it might be the right time for investors to take a look at the Royal Road Minerals Ltd (OTCMKTS:RRDMF) stock.
Trading Data
On Tuesday, RRDMF stock ended flat at $0.2242 with more than 41k shares traded, compared to its average volume of 37K shares. The stock has moved within a range of $0.2242 – 0.2242 after opening trading at $0.2120.
Royal Road drills 303.7 metres of 1.1 g/t AuEq at Guintar, Colombia
During the period, the stock has managed to clock gains of as much as 5%. As a matter of fact, the company was also in the news on Tuesday after it announced the results from the first three drill holes that it had been working on as part of the drilling initiative at Guintar copper and gold project. The project in question is located in Columbia.
Updates of that nature are almost always important for investors to figure out the situation with a mining company and hence, it goes without saying that it was a significant announcement. The company made an announcement with regards to the extent of copper and gold that had been discovered at those drill holes. It now remains to be seen if the stock continues to be on the radars of investors in the coming days. It may be a good idea for investors to add the Royal Road stock to their watch lists.
Technical Data
RRDMF stock is trading above the 10-Day and 20-Day Moving averages of $0.2172 and $0.2227 respectively. However, the stock is trading below the 200-Day moving average of $0.2557. The stock is up 10% in the past month.
