Since the beginning of the month, ATAC Resources Ltd. (CVE:ATC) stock makes only upward attacks. Investors, being already in a gold fever on the company’s exploration updates, began a Klondike Gold Rush for the shares of ATC.
Today, ATC entered the session with the next 8.00% price increase.
At the beginning of the month, ATAC Resources Ltd. announced that the first diamond drill hole at the Osiris Target on its Sten claim block “has intersected 9.26 g/t gold over 31.13 m within a larger interval that averaged 4.65 g/t gold over 65.20 m.”
And the upward attack of ATC started.
On the same day, ATC jumped 53.01% up on a volume of three times the average for the company. On the following days, the hot investor bids resulted in a not less than 20% share price increase and in a heavy volume.
Seems that even the few trading sessions with a price correction were not able to stop the Klondike Gold Rush for ATC stock. In support of the shares’ upward direction and of the optimistic investor mood, this Tuesday Klondike Silver Corp. released the also optimistic update on its Connaught Project. That project is a 50/50 joint venture with ATAC Resources Ltd..
The top of the hot bids iceberg was reached yesterday, when ATC provided an exploration update for the Osiris target on its wholly-owned Rau Gold Project, located in the Keno Hill District of central Yukon Territory.[BANNER]
On the news, ATC stock rose 23.90% on 1.7 million shares changing hands. Since the date of the first mentioned release about the first diamond drill hole at the Osiris Target, ATC shares added 60% of gold value. Yesterday, ATC closed at $6.48 per share, while on the last day of this August the stock was worth $2.66 per share.
