If you are looking into mining stocks this morning then it may be a good idea to consider taking a look at the Bunker Hill Mining Corp (OTCMKTS:BHLL) stock. The company came into focus on Wednesday after it provided an update with regards to the restart of project activities during the month of September this year.
Trading Data
On Wednesday, BHLL stock fell 0.86% to $0.0917 with more than 65k shares, compared to its average volume of 91K shares. The stock moved within a range of $0.0900 – 0.0925 after opening trade at $0.0925.
Bunker Hill Provides September 2022 Project Restart Update
The Chief Executive Officer of the company, Sam Ash, spoke about some of the milestones that had been hit by the company during that period. He noted that September was both an important as well as an exciting month for the company.
Bunker Hill managed to report its Phase 1 PFS results during that month and had also been successful in securing an extra ball mill. The ball mill in question could help the company further boost the PFS levels. On the other hand, Bunker Hill had also succeeded in selecting a PCM contractor.
As far as ground activities were concerned, Ash noted that it was good to see that the activities were progressing on schedule as the company continued to be on track to start mining activities once again at the end of 2023.
Key Quote
Sam Ash, CEO stated: “September was an important and exciting month at Bunker Hill, including the reporting of our Phase 1 PFS results, the securing of an additional ball mill capable of meeting and potentially increasing PFS throughput levels, and the selection of a PCM contractor. On the ground, it is also pleasing to see key underground and surface activities continuing to advance in support of a planned mine restart at the end of next year.”
Technical Data
BHLL stock is trading below the 20-Day and 50-Day Moving averages of $0.0945 and $0.1041 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1882.
