Toron (OTC: TRON), a mineral exploration company, saw its stock jump up a bit today as it received good news about one of its properties. The company, which operates out of Montreal, Canada, announced today that it received the NI 43-101 Compliant Technical Report on its Tiblemont Gold Property. The report, an in-depth report required for mineral properties in Canada, showed that the property has a high potential for discovering gold deposits. This is very positive news for the company, which hopes to use its advanced exploration techniques to discover new sites that have previously been passed over.
The Tiblemont Gold Property was the company’s first acquisition. It includes 255 claims totaling nearly 34,000 acres in size. The company has also recently purchased two more properties. One is 19,563 acres in size, and the other 53,543 acres in size.
On April 3, 2012, Toron announced that it had plans to acquire more land. The company was examining property in the Val D’Or region of Quebec. Val D’Or means “Valley of Gold.” The company had purchased 193 claims in the region just one month earlier.
Toron struck some gold in the stock market today as well. After closing at $0.0085 last night, the stock opened at $0.0095 this morning. It rose up to $0.0195 and dropped as low as $0.0082 before settling at $0.0087. It posted a $0.0002 increase over yesterday, or 2.4%. Its 52-week high came on February 6, 2012, when the stock closed at $0.2740. The stock has been a roller coaster ride since then, experiencing many ups and downs. The stock price was level from August to October 2011, when the price was around $0.12 for those two months.
Volume for Toron was also up, reaching astronomical heights today. Compared to its daily average of 777,130 shares, volume was just shy of 40 million shares today. It reached a 52-week high, which was previously held on February 3, 2012, when that day saw a volume of 5.4 million shares. Yesterday saw a volume of just under 258,000 shares traded.
Toron was heavily promoted throughout April and May 2012, after the company announced plans to acquire more land and enjoyed huge gains in share price. It was touted as a “monster gold pick” and “the next big winner.” As the company continues to strike gold in its properties, will its stock continue to strike gold as well? It will be exciting to see if this monster gold pick will hold steady or continue its roller coaster ride.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.