STTCOMP TA/FA LONG
Share: M3M
Market Cap: $8.28 million
SOI: 46,513,303 - 5,511,875 are restricted
SP: $0.18
Overview:
The chart had a golden cross on Friday when the 50-day moving average crossed the 200-day moving average. The gold results last week announced help further create upward pressure for a new 52-week high at 23 cents. It appeared that last week we had healthy consolidation before the next leg up. There is a gap at 42 cents that could be gravitated towards over the next month with the change in sentiment.
They have recently started drilling their tenements which have returned gold results 10m at 241.2 g/t Au and 13.5 g/t Au over 4m from 24m. They just finished their follow-up campaign with results sent to the lab last week and expected next month. The previous set of results was sent to the lab on May 11, and they had all the assays back by May 29th (information is in the Query they received). So hopefully early in August, further positive gold results will arrive and provide a boost to the SP.
