The metal stock Norra Metals (OTCMKTS:NRRMF) (TSXV:NORA) did not have a particularly eventful times on Thursday and traded within a range. However, despite that, it is necessary for investors to note that such situations can change quickly in the stock market.
Market Reaction
On Friday, NRRMF stock moved up 12.90% to $0.0588 with 23k shares, compared to its average volume of 31k shares. The stock moved within a range of $0.0588 – 0.0588 after opening trade at $0.0588.
Norra Metals Defines 11 High-Priority Targets at Meråker Property
Hence, it may be the right time for investors to take a look at a key development from earlier on in the week on February 9. The company announced at the time that it had been successful in defining as many as 11 high priority targets which are meant for accessory gold and priority metals.
The company noted that it reached the conclusion after having gone through the historical data compilation data at the sites in question. It goes without saying that the announcement was an important one and one that is likely to be on the minds of investors when they consider the Norra Metals stock.
At this point of time, it may be a good time for investors to add the Norra Metals stock to their watch lists and keep an eye on the price action. It will be interesting to see if the stock moves today or not and ends the week on a high note.
Key Quote
Mr. Paulo Nuno de Sá Caessa, EurGeol., VP Exploration, stated, “We stay very optimistic with target selection as the surprisingly large amount of high-grade production mines as well as the pits, dumps and bedrock assays for zinc ± copper ± lead ± silver ± gold reveals the entire property as being highly prospective. Moreover, the lack of systematic exploration for the past decades opens the potential of new discoveries using modern techniques of geological exploration”.
