Sterling Metals Corp V.SAG

Alternate Symbol(s): SAGGF

Metals & Mining Industrial Metals & Minerals

Sterling Metals Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration and development of resource properties. The Company is advancing the Adeline Project in Labrador, which covers an entire sediment-hosted copper belt, with demonstrated potential for important new copper discoveries with significant silver credits, and the Sail Pond Project in Newfoundland. The Company’s 29,700 hectares (ha) Adeline Project is located in the prolific Central Mineral Belt in Labrador, Canada. The Trans-Labrador highway is approximately 70 miles away from the project site, a hydro access road is 38 miles away. The Company’s 13,500 Ha Sail Pond project is located on Newfoundland’s Great Northern Peninsula, eastern Canada. The project adjacent to many regional services and within 32 kilometers of the St. Anthony regional airport.

TSXV:SAG - Post by User

Sterling Metals Corp > So the market is selling off on the news.

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Comment by ValueProon Dec 14, 2023 12:06pm

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Post# 35784658

RE:So the market is selling off on the news.

And just now, on the US side, someone unloaded 317,000 shares, pushing the price down to a loss of nearly 13 percent on the day. I suspect the sale is probably for tax loss purposes.

When it trades, even over a day, volumes are in 4 or 5 digits, not 6.

Great bargain, in my opinion, but I'm too cash-poor at the moment to take advantage. Maybe next month.

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