Although Beauce Gold Fields (OTCMKTS:BGFGF) made a major announcement this past Friday, it did not lead to much of a move in the company’s stock and it continued to trade within a range.
Market Reaction
On Friday, BGFGF stock ended flat at $0.0629 with 3k shares, compared to its average volume of 4.2K shares. The stock moved within a range of $0.0629 – 0.0629 after opening trade at $0.0629.
Beauce Gold Fields IP Survey Outlines Saddle Reef Formations on the Beauce Gold Property
Investors who might be hoping for a move in the stock today could do well to take a look at the announcement from Beauce Gold Fields on Friday. The company announced that the filtered geophysics date from an IP survey that had been conducted at one of its properties in 2019 revealed that there were anticline folds. The anticline folds are an indication that there might be saddle reef formation at the property.
The property in question is the Beauce Gold property that is situated in St Simon les Mine in Quebec, Canada. While it goes without saying that the announcement was a significant one, it appears that investors are possibly waiting for more information before they choose to make a move one way or another.
The Chief Executive Officer and President of the company Patrick Levasseur spoke about the development as well. He noted that it was another piece of ‘exciting’ data for Beauce Gold Fields.
