In the past week, the AbraSilver Resource Corp (OTCMKTS:ABBRF) stock has been in the middle of a steady selloff and ended up recording declines of as much as 8%. While the decline recorded by the stock may be a bit alarming it should be noted that such declines can often prove to be an opportunity for investors as well.
As it happens, yesterday the company was in the news and made a key announcement that investors could consider looking into a bit more closely. On Thursday, the company announced further results from the high grade drilling results that were gathered from the diamond drill holes belonging to the current Phase II drilling program.
The drilling in question is taking place at the Diablillos property, located in Santa Province in Argentina. It should also be noted by investors that the property in question is entirely owned by AbraSilver Resource. The revelations from the company were quite telling and were largely positive. Hence, it is going to be interesting to see if the AbraSilver stock can manage to make a comeback of sorts over the coming days. At this point in time, it could be a good idea to keep the stock on the watch lists.