Shares of Teras Resources Inc (TSX: TRA), engaged in the acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California, recorded over 15.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. TRA was among the top performers in the Canadian diversified mining sector after gaining 15.8% and closed at $0.11 Thursday, while recording significant trading volumes of 264,100 shares. It has also broken down its technical resistance level of 50-Day DMA at C$0.10. Recently, the company has appointed Mr.Michael G. Padley as Director of Finance and a seat on the Board of Directors effective immediately. The company also intends to complete a non-brokered private placement of up to 15,000,000 Common Shares for gross proceeds of up to $1,200,000. During the past 5-trading sessions, TRA gained 29.4% with daily average trading volumes of 711,706 shares, while the stock accumulated 10.0% gain during the past one month with daily average trading volumes of 178,266 shares. The stock is up 29.4% year-to-date.
Company Description:
Teras Resources Inc. explores and produces mining and metal deposits.
1-Year Stock Chart:
Source: Bloomberg
