Prime Mining (OTCMKTS:PRMNF) Trading Up 5.2% – Still a Buy?

Shares of Prime Mining Corp. (OTCMKTS:PRMNFGet Free Report) shot up 5.2% during trading on Friday . The stock traded as high as $2.61 and last traded at $2.61. 2,905,736 shares traded hands during mid-day trading, an increase of 5,920% from the average session volume of 48,267 shares. The stock had previously closed at $2.48.

Prime Mining Trading Up 5.2%

The firm’s fifty day moving average is $2.61 and its two-hundred day moving average is $2.16.

About Prime Mining

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Prime Mining Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious metals projects. The company’s principal asset is the Los Reyes gold-silver project, located in the state of Sinaloa, Mexico. Through systematic drilling and regional mapping, Prime Mining seeks to advance the project toward a maiden resource estimate and unlock the potential of high-grade epithermal veins and bulk-tonnage targets.

The Los Reyes property spans approximately 3,500 hectares of contiguous mineral concessions in a well-known metallogenic belt.

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