If you are looking into mining stocks which may have recorded strong gains in the past week then it might be a good move to take a look into the Great Panther Mining Limited (NYSEAMERICAN:GPL) stock. It has been one of the major movers in the sector over the past week and has managed to clock gains of 8% during the period.
Trading Data
On Monday, GPL stock gained 1.57% to $0.2204 with more than 3.98 million shares traded, compared to its average volume of 3.71 million shares. The stock moved within a range of $0.2175 – 0.2298 after opening trading at $0.2298.
Great Panther Files NI 43-101 Technical Report for the Topia Mine
In this situation, it may be a good idea from investors to consider taking a look at the development from back on February 11. The company, which is mainly involved in producing precious metals, announced at the time that it had successfully filing a key technical report.
The technical report in question was titled”NI 43-101 Technical Report on the Topia Mine Mineral Resource Estimates as of March 31, 2021″. The effective in the technical report had been March 31, 2021. The fling of the report was certainly a major milestone for the company and one that may have led to a certain degree of optimism among investors as well.
At this point in time, it is going to be interesting to see if the stock can actually manage to hold on to its momentum over the coming days or not.
Technical Data
GPL stock is trading below the 20-Day and 200-Day Moving averages of $0.23 and $0.23 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.47. The stock is up 7% in the past week.
