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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based company engaged in the acquisition, exploration and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company has a 100% mineral interest in the HOAM Project located in the Mackenzie Region (the HOAM Project) and a 50% interest in the Seahorse Project (the Seahorse Project). Both projects are located in Canada’s Northwest Territories. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The HOAM Project Area lies within three traditional Aboriginal settlement regions of the Northwest Territories: the Sahtu in the north, the North Slave in the east and the Deh Cho in the center and south. The Company’s interest in the Seahorse Project includes any mineral deposits discovered, whether diamonds or other minerals.


TSXV:OLV - Post by User

Comment by JedDinvestoron Feb 27, 2024 2:15pm
80 Views
Post# 35901992

RE:RE:RE:RE:Sp

RE:RE:RE:RE:Spstever50:
I have followed this all very closely. What I have taken note of is the olv.v daily trading volume which has significantly and consistently been higher for the past two weeks compared to the average daily trading volume. This tells me that there might be something going on. It is definitely a break from the previous pattern we have seen for the past 11 years. Two questions:  1) What does this increase in volume mean? 2) Can it be sustained? I would like to say that this represents a positive development (versus a coincidence) but if the former is the case, I have no idea what it is or what is going on. Usually, this type of high volume trading goes on at the end of the year as sales are made to rebalance portfolios or for tax purposes.
I will be watching closely!
JD
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