Highbank Resources Ltd (TSX-V: HBK), a construction aggregates company, is today’s top stock that experienced a strong share price momentum after rallying over 9% and touching its new intraday highs during the past two consecutive trading days with significant number of shares exchanging hands. In the last trading session, HBK was among the top gainers in the Canadian diversified metals & mining sector after gaining 10.5% and ended at its 52-week high of C$0.21 while recording huge volumes of 597,040 shares. During the last 5-trading sessions, HBK gained 23.5% with 5-day average trading volumes of 256,578 shares, while the stock accumulated over 35% in the past one month with 30-day average volumes of 125,571 shares. The stock has rallied over 110% year-to-date. Recently at a Canadian Investor Conference in Vancouver, Victor Bryant – CEO of HBK, disclosed that the company is raising $4.0 million in financing, and has raised about two-thirds of it. The company has a significant NI 43-101 compliant 72 million tons of measured and indicated construction aggregate deposit on tide water, on the Portland Canal, 78 miles from the Port of Prince Rupert, BC, Canada, where a $32 billion dollar infrastructure projects is being undertaken.
Company Description:
Highbank Resources Ltd (TSX-V: HBK) is a construction aggregates company with focus on the development of tidewater gravel tenure in Canada.
1-Year Stock Chart:
Source: Bloomberg
