Torch River Resources Ltd (CVE:TCR), (PINK:TORVF) stock awarded investors on two markets with worthy cornucopian gains, comparable only to the released by the company cornucopia.
Yesterday, after Torch River Resources Ltd announced the geochemical analysis results for its 100% owned Mount Copeland mineral tenures, which seemed to be a real cornucopia, the company’s shares fired the torch of glory.
On the TSX Venture Exchange, TCR jumped up by 130% on a volume of 20.9 million shares.
The volume traded was the highest in the lasting for more than a decade trading history of the company’s shares.
On the American Pink sheets market, TORVF shot up a 230.77% gain between the sessions.
Maybe one of reasons for the hot investor bids on the company’s shares was the fact that the announced analysis results are identifying not only molybdenum (Mo), zirconium (Zr) and niobium (Nb), but almost all seventeen chemical elements from the collection of the rare earth elements.
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Here arises the question, why in the above mentioned press release yttrium (Y) was extracted from the brackets of the REE listed and described separately instead, since it is also in the group of the seventeen REEs?
According to the International Union of Pure and Applied Chemistry (IUPAC), rare earth elements or rare earth metals are a collection of seventeen chemical elements in the periodic table, namely scandium, yttrium and the fifteen lanthanides. Scandium and yttrium are considered rare earth elements, since they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties.
