The filing of a new application is almost always seen as a positive for innovative companies and hence, it was perhaps no surprise that the Sidney Resources Corporation (OTCMKTS:SDRC) stock ended up with gains of as much as 7% yesterday amidst significant interest.
Trading Data
On Wednesday, SDRC stock surged 6.52% to $0.1519 with more than 328.95K shares, compared to its average volume of 198.64K shares. The stock moved within a range of $0.1435 – 0.1550 after opening trade at $0.1499.
Sidney Resources Corp. Announces Full and Final Patent Application for Revolutionary Laser Mining Technology
The company announced yesterday that it had made the final application for its potentially game changing laser mining technology to the United States Patent and Trademark Office. The patent, titled “Method and Apparatus for using Electro-Magnetic Radiation in Narrow Vein Mining”, bore a title date of January 31, 2023.
In this regard it should be noted that the company also pointed out that it had taken a massive effort from its engineering team over the course of a full year to come to this stage.
The filing of the patent came as a source of considerable optimism for investors and it is going to be interesting to see if the stock can manage to hold on to its momentum over the coming days. The patent had been acquired by Sidney Resources Corporation from Merger Mines but it has been claimed by the company that the technology it developed was not only far for expansive but also improved.
