It seems like on Friday Electric Metals Inc. (CVE:EMI) stock was charged for the future.
Being one of the trading volume gainers of the day on the TSX Venture Exchange, EMI stock noted its five-year volume record.
EMI closed the week at $0.19 per share, becoming also one of the pretenders for the security with the most advanced share price.
After the modest trading session on Thursday, when EMI was traded in a weak volume and with no price change, the following day became the day for unlocking investor passion.
The shares of Electric Metals Inc. soared 26.67% between the sessions in a volume exceeding seventeen times the average for the company.
The last company’s update was made in the last days of September. Electric Metals Inc. released the completion of an airborne geophysical survey at the Chuchinka Rare Earth Element property. It looks like the stock rush came with a delay, taking in consideration that last news from the company.
Maybe, it was not delayed, but just on time if some speculative interest supported EMI’s stir these days.[BANNER]
The price chart of EMI may convince though, that the last news was absorbed by investors and reflected in the share price days after the event.
Who knows, maybe EMI stock was charged for the future this Friday, since the company stated that the results of the AeroTEM survey are pending.
Electric Metals Inc. is a junior mining company with a main focus on the exploration for rare earth elements. The company changed its name from Amerpro Resources Inc. to Electric Metals Inc. last October, resulting from the change in the ccompany’s business.
