One of the stocks which may be looked into this morning by investors is that of Nighthawk Gold Corp (OTCMKTS:MIMZF) due to the key announcement that had been made by the company yesterday. The company was in the news yesterday after it announced that it had been successful in completing its 2022 Exploration Program drilling activities ahead of schedule.
Trading Data
On Thursday, MIMZF stock soared 1.65% to $0.2900 with more than 30K shares, compared to volume of 19.87K shares. The stock moved within a range of $0.2893 – 0.2900 after opening trade at $0.2893.
Nighthawk Gold Completes 2022 Exploration Program Drilling Ahead of Schedule
More importantly, the drilling had been completed under the specified budget as well and that is something that may have been noted by analysts as well as investors. It was also announced that Nighthawk had managed to drill as much as 40085 meters with the aim of bring about expansion to the known mineralization on the near surface at its property located in Northwest Territories in Canada.
Nighthawk also announced that drill assay results for around 30000 meters of drilling at the Colomac Center area were still pending. KeyvanSalehi, who is the President and Chief Executive Officer of the company spoke about the development too. He noted that not only was the program completed ahead of schedule and under budget, it was completed with the complete safety and security of the company’s personnel in mind. There had been no lost time injuries at all.
Key Quote
Keyvan Salehi, P.Eng. (Nighthawk President & CEO) commented, “We are pleased to complete this year’s drill season ahead of schedule, under budget, while maintaining the safety and security of our personnel at site without any lost time injuries. We are very pleased with the drill assay results received so far. We look forward to updating the markets on the pending assay results, once received and analyzed. We are also completing a geophysics program, which will provide us with important information that will guide our future exploration programs. Currently, we remain well-funded for next year’s exploration program.”
Technical Data
MIMZF stock is below the 20-Day and 50-Day Moving averages of $0.32 and $0.33 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.52. The company has a total market capitalization of $35.67 million. The stock is down 49% over the past 6-month.
