Last Friday, Sassy Resources (OTCMKTS:SSYRF) had come under the scanner among investors in a big way and that that led to a strong rally in its stock. The stock ended the day with gains of as much as 11% and it is likely that it is going to come on to the radars of investors today.
Trading Data
On Friday, SSYRF stock gained by 11.30% to $0.45 with more than 54k shares, compared to its average volume of 36K shares. The stock has moved within a range of $0.4183 – 0.4521 after opening trade at $0.4382.
Recent News
There was no news about the company on that day but in this situation it may be the right time for investors to take a look at the announcement from Sassy Resources back on December 14, 2021.
The company announced at the time that it had finally filed the preliminary non-offering prospectus in relation to its subsidiary unit named Gander Gold Corporation that is focussed on Newfoundland. The filing had been submitted to the British Columbia Securities Commission back on December 2 last year.
It was an important announcement and one that could have a considerable effect on the company’s business in the long term. It should also be noted that at the time it was also announced that the Board of Directors and the Executive Officers had already been appointed at Gander Gold by Sassy Resources.
Technical Data
SSYRF stock is trading above the 20-Day and 50-Day Moving averages of $0.3821 and $0.3899 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.4481.
