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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by Lambosntendieson Sep 30, 2022 12:02am
316 Views
Post# 34996703

RE:Junior mining stock trends

RE:Junior mining stock trendsI wouldn't be too worried. Market is crashing in general but LME specifically dropped because of the lack of buyout news the Reddit crowd expected. Our volume today was under 198,234 with the trailing average over the last 3 months being 207,340. The "dump" today was a super small amount of shares in the grand scheme of things. If we dropped like this in high volume I'd be concerned but really today was just a few people exiting their positions and my guess is, after the lack of buyout news yesterday and the current market conditions, not many people have limit buy orders in place unless they are getting a stupid good deal so when someone does a market sell the price can drop aggressively. Just my two cents. 
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