Shares of Nevada Canyon Gold Corp. (OTCMKTS:NGLD) fell Thursday on low volume.
On Wednesday, NGLD stock moved down 10% to $0.90 with 600 shares, compared to its average volume of 690 shares. The stock moved within a range of $0.9000 – 0.9000 after opening trade at $0.90.
Carbon Streaming Subsidiary Formed by Nevada Canyon
Nevada Canyon Gold Corp. (OTCMKTS:NGLD) has formed a wholly owned subsidiary, Canyon Carbon, LLC. The company is also collaborating with Warms Springs Consulting, LLC, (WSC) a US-based Certified B Corp. to analyze and evaluate various carbon credit royalties, and potential carbon streaming investments in carbon offset projects in the Western US (while focusing on Nevada).
WSC will begin by developing a first phase rangeland carbon credit royalties streaming opportunity analysis. This analysis is to be the base of a high-level evaluation of the technical feasibility and market potential for developing rangeland carbon credit projects in arid mountain-west ecosystems. If feasible, a business plan will be developed to utilize existing rangeland carbon protocols for soil sequestration carbon credit projects.
The WSC team of consultants will also support Canyon Carbon in evaluating carbon streaming investment opportunities as well as achieving the Company’s Environmental, Social and Governance goals. The objective is to implement the best sustainability practices for the mining sector with access to the latest technologies in carbon capture, clean energy (generation, smart distribution and storage), and ecosystem credits.
Canyon Carbon is all set to emerge as a key player in the carbon offset space with the potential of both compliance and voluntary markets within the state of Nevada, the Western US and throughout North America.
NGLD stock is trading above the 20-Day and 50-Day Moving averages of $1.03 and $1.03 respectively. However, the stock is trading below the 200-Day moving average of $0.8208.