Waiting on even more good news from $CPR Junior miner Allied Copper $CPR/$CPR.V signed an option agreement earlier this month to acquire 100% of the Klondike Property in Colorado.
With $CPR currently looking to find further opportunities to complement their SK Property, this acquisition looks to be a good play. Management is expecting the production from these two properties to allow the company to quickly meet the current copper shortage, based on the companies proven track record of taking projects into the production phase.
Previous work reported high-grade copper mineralization at the Klondike Property, highlighted by results of 6.3% copper and 23.3 g/t silver in rock outcrop.
With volume on the rise for $CPR, prices are quickly approaching the 50MA and look to be gathering some momentum into a swing.
I’m looking forward to future news from $CPR to provide a strong catalyst to take price action into a strong bullish trend. Until then, I’ll be watching the basic indicators, keeping an eye on volume and the 50MA.
Shares of $CPR are currently trading at $.235, up ~4%, and the company is valued at an MCAP of $8.95 million.
https://ceo.ca/@nasdaq/allied-copper-signs-option-agreement-to-acquire-100