It was not a great day in the markets for investors in Signature Resources Ltd (OTCMKTS:SGGTF) as the company’s stock suffered from a selloff and went down by as much as 3% as a consequence.
Market Stats
On Tuesday, SGGTF stock moved down 2.80% to $0.0540 with more than 221k shares, compared to its average volume of 69k shares. The stock has moved within a range of $0.0500 – 0.0540 after opening trading at $0.0500.
Recent News
While the decline in the stock was certainly notable, it is also necessary to point out that that the company actually made a major announcement yesterday. Signature Resources released the latest round of results from the 10000 metre drilling initiative that is currently being conducted at the Lingman Lake Gold Project. The project in question is located in Ontario in Canada and is owned by Signature Resources in its entirety.
In this regard, it is also important to point out that the drilling activities at the project were conducted with diamond drill rigs which are 100% owned by Signature Resources. It might now be a good idea to take a look at some of the highlights from the results. The company announced that it had found 7.9 grams per tonne of gold over a length of 4 metres and 3.54 gram per tonne gold over a length of 2 metres. However, it seems that the investors were not particularly interested with the result.
