Eloro Resources Ltd (OTCMKTS:ELRRF) Files Updated NI 43-101 Technical Report

On Wednesday, the Eloro Resources Ltd (OTCMKTS:ELRRF) stock had emerged as one of the notable gainers as it ended the day with gains of as much as 3% for the day. In light of such gains, it could be a good idea for investors to consider taking a look at the announcement made by the company yesterday.

Market Stats

On Wednesday, ELRRF stock gained 3.17% to $3.09 with more than 47k shares, compared to its average volume of 60K shares. The stock moved within a range of $3.0000 – 3.3000 after opening trading at $3.05.

Eloro Resources Files Updated NI 43-101 Technical Report on Iska Iska Project

The company announced yesterday that it had filed an updated technical report on SEDAR with regards to its IskaIska silver-tin polymetallic project. The updated report in question had been compiled by Micon International Limited and had abided by all the provisions of the National Instrument 43-101.

It goes without saying that the announcement from the company was an important one and one that may have led to considerable optimism among investors. However, that was not all.

The company had also announced that it had also sent in a filing with regards to a final short form base shelf prospectus with the relevant security agencies in each of the provinces except Quebec in Canada. At this point in time, it could be a good move to keep the stock in your watch lists and watch for further developments.

Traders Corner

ELRRF stock is trading below the 50-Day and 200-Day Moving averages of $.79 and $3.15 respectively. Moreover, the stock is trading below the 20-Day moving average of $3.41.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.