Yesterday, Opawica Expls Inc (CVE:OPW), (PINK:OPWEF) stock was rushed by some inpatient investors who wanted to be the first ones.
They maybe wanted to be the first to bank the gains on the company’s shares, taking in consideration only the technical indicators of the price chart, or maybe they wanted to be the first ones in the winning play when the company releases the next assay results from the next drill holes at the Atikwa Lake project.
Since the last trades of the “Grey” OPWEF stock were this Tuesday, the American OTC market yesterday was icy for shares of Opawica Explorations Inc. Then, OPWEF price advanced by the not bad 46.45% in short.
As opposed to the non-activity of investors on the OTC market, the trading session of the shares of Opawica Explorations Inc. on the TSX Venture Exchange yesterday was not just hot, but amazingly explosive.
On no company’s news since the beginning of last month, OPW stock price spiked 47.06% up on a volume exceeding almost fourteen times the average for the company. The bold “no reasons” for yesterday’s stock stir were the company’s last known developments.
At the end of September, Opawica Explorations Inc. released the assay results from some holes drilling on its 100% owned Atikwa Lake Gold and Copper project in Ontario.[BANNER]
At the beginning of October, having strong need for cash the company closed a private placement for gross proceeds $605K, maybe to continue its drilling works.
And the last and most recent “no reason” for the stock rush was the company’s update on the above mentioned project with included information about some not mentioned before drill holes.
With no special attitude towards the company’s activities or its stock performance, all the above presented news from the company in the last months was not able to attract such strong investor attention as it happened yesterday, on no news.
