Shares of Lupaka Gold Corp (TSX: LPK), engaged in the business of acquiring and exploring mineral resource properties, recorded over 12.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. LPK was among the top performers in the Canadian diversified mining sector after gaining 12.0% and closed at C$0.14 Wednesday, while recording significant trading volumes of 177,500 shares. The company has recently announced that it has been granted the permits and licenses necessary to commence mine preparation and development work at the Invicta Gold Project by Federal Government as well as Regional and Municipal Government regulatory authorities. During the past 5-trading sessions, LPK gained 47.4% with daily average trading volumes of 89,896 shares, while the stock accumulated 27.3% gain during the past one month with daily average trading volumes of 60,599 shares. The stock is up 55.6% year-to-date.
Company Description:
Lupaka Gold Corporation (TSX: LPK) is exploring and developing its prospective 5,500 hectare gold property located in Peru. The company has identified its NI 43-101 compliant gold resource and has identified several additional exploration targets within its property that display similar anomalous characteristics.
1-Year Stock Chart:
Source: Bloomberg
