Multiple Buy Signals For $GSHR.v Multiple factors are aligning to make Goldshore Resources (TSXV: GSHR) a potential buy at the moment.
On April 20, $GSHR.v shares saw a huge spike in volume leading to a 26% price jump, and prices have managed to maintain levels around $.5. Additionally, this price correction marked a bullish cross of the RSI in oversold territory.
Today, Goldshore announced it will be accelerating drilling at the Moss Lake gold project. The company is expanding the exploration to 8-10 rigs, and remains well funded with a treasury of nearly $20M. The company is also accelerating all testing and modeling programs.
Initial drilling of the current targets at Moss Lake has already yielded positive high-grade gold results, including 6.3g/t Au over 58.5m. The acceleration of the exploration program should mean we will be getting lots of updates on the project from this point on, all of which have the potential to be a strong catalyst given the company’s previous results.
$GSHR.v is currently trading at $.495 and is valued at an MCAP of $65.81M.
https://ceo.ca/@newsfile/goldshore-resources-to-accelerate-drilling-of-the-moss