Gold Mountain Mining Corp T.GMTN

Gold Mountain Mining UP ⬆️ 13.15% today on the OTC 🇺🇸

[GoldenPolarBear]

 

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Company’s principal product is crushed ore produced from the Elk Mine. The Elk Gold Property is a 21,187-hectare (ha) land package. The Elk Gold Project hosts multiple gold mineralized zones within the 21,187-ha property boundary. The Elk Gold is a mesothermal, intrusive related, gold vein system. The Elk Gold Project is a past producing high grade gold mine. see less

$0.0142

0.00165 | 

13.15%

Bid:  0.0055 x 0 Ask:  0.130 x 0 Volume: 18,250

USD  |  OTCQB  |  REALTIME  |  MARKET CLOSED  |  MARCH 20, 2024 11:13:12 AM EDT

This is only a tiny start regarding the much needed recovery !

The ASK dropped slightly near the end of the trading day which is always a RED FLAG! 

https://www.kitco.com/news/article/2024-03-20/gold-prices-jump-higher-federal-reserve-signals-three-rate-cuts-year

"... Wednesday, in a much-anticipated move, the Federal Reserve announced that it would leave its Fed Funds rate unchanged in a range between 5.25% and 5.50%. However, markets were more interested in central banks' forward guidance and where they see interest rates by the end of the year.

The central bank’s updated interest rate forecast, also known as the “dot plot,” shows the committee sees the Fed Funds rate ending the year at 4.6%, unchanged from December.

The gold market was trading in relatively neutral territory ahead of the announcement and jumped into positive territory in the initial reaction. Spot gold prices last traded at $2,1673.60 an ounce, up 0.77% on the day...."