GEMS.c | Soil sampling results and promising price action. As SP makes a cross above the 50MA, Infinity Stone Ventures (CSE: GEMS) has announced the closing of the first tranche of its PP for proceeds of $400,000. Proceeds from this round of funding will be used to incur Canadian exploration expense at the company’s multiple green-metal projects.
With shares crossing above the 50MA, I’ll be keeping an eye out for SP to retest resistance at $.295. The company also recently reported the acquisition of the Thor Manganite Project, as well as promising soil sample results from the Zen-Whoberi project. Hopefully these announcements will provide enough incentive for buyers to push shares through resistance.
You can check out detailed results from the soil sampling at Zen-Whoberi here: https://ceo.ca/@newsfile/infinity-stone-provides-update-on-soil-sampling-at. GEMS reported multiple new anomalous copper and nickel-cobalt zones from the recent soil sampling.
GEMS.c is currently trading at $.21, valued at $14.13.