Yesterday, Kesselrun Resources Ltd (OTCMKTS:KSSRF) was back in the news after the company provided key updates with regards to its operations for the year.
Trading Data
On Tuesday, KSSRF stock ended flat at $0.0794 with more than 500 shares, compared to its average volume of 1.4k shares. The stock has moved within a range of $0.0794 – 0.0794 after opening trade at $0.0794.
Kesselrun Resources Provides Corporate Update
However, amidst all this, it is also important for investors to keep in mind that the Kesselrun Resources stock has had a pretty difficult time over the course of the past month and has recorded a decline of as much as 20%. In this situation, it might be a good idea for investors to perhaps figure out if the stock can make a recovery and deliver some gains to the investors at this point.
Some of the more important highlights provided by the company were in relation to the Bluffpoint gold project and Huronian gold project. The Chief Executive Officer and President of the company Michael Thompson spoke about the achievements from Kesselrun Resources this year as well.
He stated that everyone at the company was happy with the results from the drilling initiatives at the Huronian gold project. He went on to state that it was particularly notable since the drilling activities had been disturbed and had been interrupted at different times this year due to forest fires.
Key Quote
Michael Thompson, P.Geo., President and CEO of the Company, commented, “We are very pleased with the results from this year’s drill program at Huronian. In a year filled with challenges from drilling interruptions due to the record forest fire season, extended lab turnaround times and the ongoing issues caused by the pandemic, we were still able to execute our exploration program under budget while producing fantastic results. The new year will be an exciting one as we continue to expand the size of all the zones around the Huronian mine as well as beginning to test targets elsewhere on the project. With the recent financing we are well positioned to execute in 2022.”
Technical Data
KSSRF stock is trading below the 20-Day and 50-Day Moving averages of $0.0888 and $0.1025 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1269. The stock is down 12% in the past month.
