Trench Metals Corp (OTCMKTS:NVTQF) (TSXV:TMC) Stock Consolidates After Recent Developments
Shares of Trench Metals Corp (OTCMKTS:NVTQF) (TSXV: TMC) have been moving within a narrow range after gaining momentum last month.
Market Stats
On Wednesday, NVTQF stock ended flat at $0.7270 with more than 10 shares, compared to its average volume of 386 shares. The stock has moved within a range of $0.7270 – 0.7270 after opening trading at $0.7270.
Trench Metals Expands Higginson Lake Uranium Project
Mineral exploration company with a focus on uranium, Trench Metals Corp (OTCMKTS:NVTQF) (TSXV: TMC) on January 25, 2022, announced the expansion of the Higginson Lake Uranium Project in northern Saskatchewan.
The firm was engaged in the acquisition of extra 3,589 hectares, doubling the size of its Higginson Lake Project, which covers over 5,900 hectares. The additional parts have the same host rock and also have several geological markers.
Trench Metals Corp acquired additional claims as the technical team identifies several trends hosting its historic drill indicated reserves of 4,800,000 lbs of U308.
The firm is establishing the 2022 exploration program including contributions to an updated 43-101 at Higginson Lake.
Dr. Peter Born, P.Geo is the qualified person defined by National Instrument 43-101.
Trench Metals Corp is accelerating value for shareholders through engagement in mineral exploration opportunities with the principal goal of advancing various projects from scratch to production.
The strategy enables the firm to achieve exceptional shareholder value through the life-cycle of the mining process. The firm also has the right to acquire 100% interest in two highly prospective uranium projects in Saskatchewan’s Athabasca Uranium district. While Higginson Lake Uranium Project hosts two historic drills indicated reserves, the Gorilla Lake Uranium Project comprising of nearly 7000 hectares is located in the Northern Mining District of Saskatchewan.
Traders Corner
NVTQF stock is above the 20-Day and 50-Day Moving averages of $0.6772 and $0.7264 respectively. The stock is trading in the neutral zone with the RSI at 52.
