Yesterday, Dynasty Gold Corp (OTCMKTS:DGDCF) was in the news cycle after the company made a major announcement with regards to the receipts of a mineral resource from an independent source.
Trading Data
On Tuesday, DGDCF stock ended flat at $0.1354 with more than 387 shares, compared to its average volume of 964 shares. The stock has moved within a range of $0.1354 – 0.1354 after opening trade at $0.1354.
Reports NI 43-101 Compliant Gold Resource for Thundercloud
The company noted that the report had been prepared as per the provisions of the National Instrument Resource Estimate Disclosure for Mineral Projects. It goes without saying that it was a significant announcement from Dynasty Gold but it did not lead to any major move in the company’s stock price and it continued to trade in a range on Tuesday.
As per the estimates provided by the report, it was revealed that the inferred resource estimate for the Pelham Zone was as much as 182,000 ounce of gold. The site is part of the Thundercloud gold project, which is situated not too far away from Dryden in Ohio.
That is a significant haul if it turns out that way and hence, it remains to be seen if investors do get excited about the Dynasty Gold Corp stock today. Stock which trade within a range can often break out as well and hence, it may be a good time to actually start tracking the stock.
Technical Data
DGDCF stock is trading above the 20-Day and 50-Day Moving averages of $0.1276 and $0.1310 respectively. Moreover, the stock is trading above the 1000-Day moving average of $0.1330.
