Levon Resources Ltd (TSX: LVN), a junior precious metal miner, experienced strong share price momentum after climbing over 8% during the last two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session, LVN was the top performer in the Canadian diversified metals & mining sector after gaining 37.3% and ended at its 52-week high of C$0.46 while recording huge volumes of over 4 million shares. Last week, LVN was the top weekly performer in the sector after rising 73.6% with 5-day daily average trading volumes of 1.34 million shares. The stock has accumulated over 100% in the past one month with daily average volumes of 546,240 shares. Escalating tensions in Iraq and Ukraine and subdued U.S. economic fundamentals have shifted investors’ focus towards precious metals. However, favorable U.S. jobs report expected this Thursday could deflate precious metals prices.
Company Description:
Levon Resources Ltd (TSX: LVN) holds interests in mineral properties located in British Columbia, Canada, and in Nevada in the United States. The company is exploring for gold.
1-Year Stock Chart:
Source: Bloomberg
