The exploration stage company USCorp (OTCMKTS:USCS) has been in the middle of a major rally over the course of the past week and enormous gains that have been delivered by the stock are almost certainly going to bring it into focus among investors today.
Yesterday, the rollicking rally in the stock continued as investors continued to pile on to it in a big way and sent it soaring by as much as 211% as a consequence. That took the gains made by the USCorp stock in the past week to a staggering 310%. In light of such massive gains, it may be a good time to take a closer look into it and perhaps figure out if the stock may add to its gains in the coming days or not.
Trading Data
On Monday, USCS stock surged 211.36% to $0.0137 with more than 2.66 million shares, compared to its average volume of 74K shares. The stock moved within a range of $0.0044 – 0.0157 after opening trade at $0.0044.
About The Company
USCorp is involved in acquiring, developing, and eventually exploring mineral properties that are situated in the United States. It is particularly focused on precious metals like silver and gold but it also deals in most of the other non-ferrous metals. It holds interests in the Twin Peaks project and the Eureka Mining District, both of which are located in Arizona.
In addition to that, USCorp also holds an interest in the Meaquite Mining District that is situated in California. In the past, the company had actually been known as Fantasticon Inc but in January of 2002, it changed its name to the present one. The company is based out of Las Vegas in Nevada and was established in 1989.
USCorp : USCS 2022 Half Year Update
The company was in the news yesterday after it provided an update with regards to its situation at the half-yearly stage in 2022. The milestones achieved by the company in that period have been considered and hence, the optimism among investors was perhaps not a surprise.
The most important announcement from the company was regarding the fact that USCorp had managed to revive its business completely after the devastation caused by the coronavirus pandemic. It was one of the biggest highlights of the update and which may have had an effect on the stock price.
Technical Data
USCS stock is trading above the 20-Day and 50-Day Moving averages of $0.0053 and $0.0090 respectively. However, the stock is trading below the 200-Day moving average of $0.0262.
