Three days ago, Silver Falcon Mining, Inc. (OTC:SFMI) hit a 52-week low at $0.045 per share.
In the next couple of sessions SFMI started rallying and thus it scored three consecutive positive sessions in a row.
The most intensive trading during the mentioned period, which encompasses the current week, took place yesterday.
At the end of the session the trading volume has reached 2.188 million shares, which is roughly two times higher than the daily average.
The share price increased 11.61% during the day and SFMI closed at the intraday high of $0.0519 per share.
Last Friday, the company announced that the director, Mr. Roger Scammel, had retired after a forty-year career as a geologist.
According to the press release, MR Scammel would remain as the company’s geological consultant overseeing the geological exploration program for SMFI’s holdings throughout War Eagle Mountain, Idaho.
Based on the issued news, however, market participants will not be able to determine whether the stock will continue to rally or breach yet another support in the near term.
