It was a forgettable day in the markets for the investors in Bunker Hill Mining Corp (OTCMKTS:BHLL) as the stock suffered from a pretty strong selloff and ended the day with a decline of as much as 12%. In this sort of a situation, it may be a good idea for investors to take a look at the latest development and figure out if the latest fall could in fact be an opportunity or not.
Trading Data
On Wednesday, BHLL stock slid 12.07% to $0.2550 with 87K shares, compared to its average volume of 45k shares. The stock has moved within a range of $0.2430 – 0.2554 after opening trade at $0.2534.
Bunker Hill Announces Filing of Updated Technical Report
Yesterday, Bunker Hill was in the news after it announced that it had concluded the filing of an independent technical report that also included an update to the Mineral Resource Estimate for the Bunker Hill Mine. The mine in question is situated in the Silver Valley area in Idaho in the United States.
The title of the technical report, “Technical Report And Preliminary Economic Assessment For Underground Milling and Concentration of Lead, Silver and Zinc at the Bunker Hill Mine, Coeur d’Alene Mining District, Shoshone County, Idaho, USA”, provides a fair idea about the contents.
However, it seems that investors were not particularly happy with the findings of the report. At this point, it remains to be seen if the Bunker Hill stock can bounce back before the end of the week.
Technical Data
BHLL stock is above the 10-Day and 20-Day Moving averages of $0.2203 and $0.2016 respectively. Moreover, the stock is above the 200-Day moving average of $0.2150.
