Victory Resources (VRCFF) Turns Volatile: Ends Higher But Off Session High

Before the beginning of trade on Friday, it might be a good idea for investors to take a look at some of the stocks that recorded significant gains on Thursday.

Victory Resources (VRCFF) Turns Volatile: Ends Higher But Off Session High

One of the notable gainers yesterday was the Victory Resources Corporation (OTC: VRCFF) stock, which soared by as double as 119% on the back of a major announcement from the company. The company announced yesterday that it completed the acquisition of the Smokey Lithium Project located in Nevada in an arm’s length transaction.

Victory Resources noted that the project in question is located in a region that is known to be prolific with regards to lithium clay deposits. The company went on to point out that the project is made up of as many as 350 claims spread across an area of 7000 acres. The news proved to be a major boost for the company and it was not surprising considering the rising demand for lithium in several industries. It could well be the stock to watch out for today.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.