Updates from Sterling Metals (TSXV: SAG) have some serious potential to push shares into a bullish trajectory.
Recent oversubscription of the company’s private financing demonstrates market confidence, and shares have been holding strong between $.3 and $.38 amidst the current broad market correction. Solid updates from Sterling could lead to an increase in volume, catalyzing a breakout from the current range.
The company’s Sail Pond project is located in Newfoundland, which has been getting a lot of buzz recently as the next big high-grade silver/gold district in Canada. As drilling at the project began just over one month ago, I’m excited to hear updates soon from Sterling.
SAG.v is currently trading at $.32, valued at $22.32 million.
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