The copper sector has a lot of followers from among investors and if you are currently looking for options, then it might be a sound move to start tracking the Chakana Copper Corp (OTCMKTS:CHKKF) stock.
Trading Data
On Friday, CHKKF stock increased by 16.39% to $0.24 with more than 149k, compared to its average volume of 94k shares. The stock has moved within a range of $0.2084 – 0.2400 after opening trade at $0.22.
Key News
The stock has been one of the notable performers in the sector and continued on its upward move last Friday as it ended the day with gains of 16%. That took the gains made over the course of the past week to as much as 25%. In this situation, it is necessary for investors to recognise that there has been no news about the company in recent days.
In fact, the last time there was any news about the company was back on November 18, 2021. It may be a good idea for investors to consider taking a look at that particular development. At the time the company provided information with regards to the results from the 12 resources definition holes that had been drilled at Bx5.
It was a major announcement from the company but at the same time it should be noted that the latest rally may not be related to it. Hence, it might be a good move for investors to keep an eye on the news.
Technical Data
CHKKF stock is above the 20-Day and 50-Day Moving averages of $0.23 and $0.25 respectively. However, the stock is trading below the 200-Day moving average of $0.29.
