A Promising Price Rise Recent share price history :
If you look at a simple moving average chart of the WM share price going back a year you will see that for most of the first half of the chart WM hovered around $C .40 but then with promising drill results last October the share price took off to reach a peak share price of .98 the day before Christmas and a moving average peak of about .90 in mid Feb. 2020.
The covid-19 gold selloff dropped WM to a low of .38 on March 16 2020 and a moving average low of .48 on March 31 2020.
It definitely looks promising now that the share price has recovered from the .38 low to its current close of .63 . Its nice to see the drop did not take us below the pre October surge.
I think we still have a good chance to pass $1 this year once the BAR merger is over and hopefully a return to some drilling program successes. Possibly with a revised program to include some of the more promising BAR targets especially those near the current WM drilling.
I guess for the time being we will just have to be on hold. At least its nice to know there is cash on hand to resume operations once allowed to without having to scramble for funding. With the BAR properties added this may become a very promising takeout target for a larger mining company looking for hard to find gold ore in a rapidly rising gold price environment.