Endeavour Silver Corp (NYSE:EXK) (TSX:EDR) could well be on the radars of many investors this morning given that the stock had emerged as one of the notable gainer yesterday and clocked gains of as much as 12%. In this situation, it is necessary to remember that the company was actually in the news yesterday as well.
On Wednesday, EXK stock gained 11.72% to $4.67 with more than 4.52 million shares traded, compared to its average volume of 2.51 million shares. The stock has moved within a range of $4.2700 – 4.6900 after opening trading at $4.31.
Endeavour Silver Announces Filing of NI 43-101 Reports on Guanacevi and Bolanitos Projects
It announced that it had completed the filing of as many as two technical reports. Endeavour Silver also announced that the reports had been filed as per the provisions of the National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
It was a significant announcement from the company and one that may have led to a fair degree of optimism among investors. One of the technical reports is titled “NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Guanaceví Project, Durango State, Mexico”, while the other bears the title “NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Bolañitos Project, Guanajuato State, Mexico”. This morning it is going to be interesting to see if the bullish sentiments with regards to the Endeavour Silver stock persist among investors or not. It could be a good idea to keep an eye on it.
EXK stock is above the 20-Day and 50-Day Moving averages of $4.24 and $4.56 respectively. However, the stock is trading below the 200-Day moving average of $5.18.