North Bay Resources Inc (OTCMKTS:NBRI) Stock Gains After Spin Off of Wolf Lake Gold and Murex Copper

There were a number of stocks which had made strong upward moves on Tuesday and one of those was that of North Bay Resources Inc (OTCMKTS:NBRI). The company’s stock went up by as much as 33% amidst heavy interest following a key announcement from the company and it could be a good idea to look into it.

Trading Data     

On Tuesday, NBRI stock jumped 33.33% to $0.0004 with more than 48.68 million shares, compared to volume of 18.47 million shares. The stock moved within a range of $0.0002 – 0.0004 after opening trade at $0.0003.

North Bay Resources Inc. (NBRI) Announces Spin Off of Wolf Lake Gold and Murex Copper

The company announced yesterday that it restaked its Mt Washington property situated at Vancouver Island and then spun it off into a pair of separate projects. The projects in question are the Murex Copper project and the Wolf Lake Gold project. It could be a good idea for investors to possibly take a closer look at the developments.

The Wolf Lake Gold project is situated not too far away from Constitution Hill and spans across an area of as much as 876 acres. The company has managed to discover a number of sulphide veins with gold bearing at the property. On the other hand, the Murex Copper Project spans across an area of as much as 3763 acres and is situated in the expanse between Mt Washington and Wolf Lake. It may be a good idea for investors to keep track of the North Bay Resources stock today.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.