Yesterday, Steele Resources Corporation (OTC:SELR) had an unusually intensive trading day. More than 480 thousand shares were traded, which is much higher than the average daily volume of 76 thousand.
Surprisingly though, the intraday chart showed that the trading volume was generated in just three transactions for the day – the first one was for 150 thousand shares, the second one was for 15 thousand and the last one for 233 thousand.
Throughout the whole day SELR maintained a share price of $0.04, but eventual when the last trade took place near the end of the session the share price dropped to $0.038. Still SELR finished the day 2.4% higher than the previous close.
During that day, there was no specific event that underlined the intraday 
stock action. However, two days ago the company filed an 8-K pertaining to a recent agreement. The report showed that SELR had entered into a definitive mineral lease agreement with an option to purchase. This agreement allows SELR to explore and develop 10 mining claims near Salmon, Idaho.
The report was apparently neglected by the market at that time because trading activity at that time was much lower than usual. Nevertheless, on Monday, when the 8-K was published on the OTC Markets, SELR share price jumped up 35%.
