Global Cobalt Corp. (
TSX: V.GCO,
Stock Forum) shares were active Thursday after the company said assay results have confirmed the strike and depth extensions to the deposit at the Karakul Cobalt Project in the Republic of Altai, Russia.
The company said in a press release the latest results move it closer towards the completion of a NI 43-101 compliant resource.
The stock traded as high as 16 cents before easing back to 14.5 cents, unchanged on the day, and leaving Global Cobalt with a market cap of $10.4 million, based on 71.5 million shares outstanding. The 52-week range is 26.5 cents and 3.5 cents.