Yesterday, due to pending news from the company related to new gold discoveries and drill results from the Osiris area (Rau Gold Project), the trading of ATAC Resources Ltd. (CVE:ATC), (PINK:ATADF) stock got halted.
Looks like following the optimistic news, the shares of ATAC Resources Ltd. may rise today like the ancient god Osiris rose from the dead.
Before trading got halted, on the TSX Venture Exchange ATC stock opened the trading session with a higher price than the closing price from the previous day and noted average trading volume.
The company’s stock closed at $7.39 per share, remaining still below the 52-week high.
On the American OTC market, the shares of ATAC Resources Ltd. noted a slight pull up of 0.38% between trading the sessions.
Since the end of August, the share price is constantly rising. The positive news and the presented strong financials maintained that upward direction for more than three months.
Following the statement of the company’s CEO that the results from the Osiris gold discovery may confirm the first Carlin-type mineralization in Canada and may cause a real stock rush, these days the share price climb up is confirmed through an average trading volume.[BANNER]
Although the trading volume and the technical indicators show that on the short term there is still space for the share price to return back, the news about ATAC Resources Ltd. may let the stock explode today, like the rising from the dead Osiris.
Through the hope for some afterlife, the ancient Egyptians often associated their god Osiris with the cycles observed in nature, in particular with vegetation and the annual flooding of the Nile.
The Osiris area is located along the Nadaleen Trend of ATAC Resources’ wholly-owned 1,600 sq/km Rackla Gold Belt in central Yukon.
