Osceola Gold (OTCMKTS:OSCI) Stock Extends Fall: Down 58% in a Week
Shares of Osceola Gold (OTCMKTS:OSCI) continued to see selling pressure on Friday, extending its weekly fall to 58%.
Market Stats
On Friday, OSCI stock fell 7.41% at $0.15 with more than 1.08 million shares, compared to its average volume of 846k shares. The stock has moved within a range of $0.1220 – 0.1640 after opening trading at $0.1640.
Osceola Gold Provides Geological and Magnetic Report Update
Precious metal mining company focusing on development and exploration of gold and other precious metal mining projects, Osceola Gold (OTCMKTS:OSCI), have updated independent studies for reflecting extra third-party analysis confirming projections on about $4 Billion in reserves.
The firm confirmed on making reports available for investor’s perusal on its website. There is also a follow-up report from Geologist Russell Steifel, validating the previous Skookum analysis report.
The report highlights development of gold transporting paleochannels as well as physical movement of gold bearing pediments from load source above Mary Ann Canyon into paleochannels and alluvium.
The results validate GEO Scan analysis indicating several AU targets throughout area of interest. Core excavation and sampling are aimed to prove the points.
Extrapolation of extra data will support drilling locations in a number of Solomon and MAV claims.
CEO Thomas More said that the company is harnessing reports available to taking the venture to the next level. More said that the reports elucidate on how it is planning to achieve corporate goals as well as fulfil shareholder expectations.
The Maryann Canyon Drilling and Exploration Report was produced by Russell L. Steifel and reveals process of how the earths rocks and minerals layer to run within MaryAnn Canyon.
Key Quote
CEO Thomas More stated: ” We are utilizing all reports that are available to us to in taking this venture to the next level. These reports explain how we plan to achieve our corporate goals, and fulfill shareholder expectations.”
Traders Corner
OSCI stock is trading above the 20-Day and 50-Day Moving averages of $0.14 and $0.11 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.09. The stock is up 28% in the past month.