Mining penny stocks are volatile this week, but the Bunker Hill Mining stock appears to be the exception. At least, today it is.
Mining Penny Stocks: Bunker Hill Mining Company
Over the past few months, the Bunker Hill Mining stock has struggled. The company was in dire need of something to send its stock back into the green, seeing as it was hitting new 52-week lows almost every week. Sometimes, every day.
But on August 10th, the Toronto-based company announced that two investors agreed to increase their investments.
In the press release, Bunker Hill Mining expressed its excitement about the increase in investments and informed the public that the investors will be doing so, for gross proceeds of $1,370,304.
This announcement put a halt to the penny stocks downfall. Of course, it was a while ago, and BNKR could very well be up today out of pure luck—but we’re choosing to believe the Bunker Hill investors’ news played a role in the market’s new mentality around this penny stock.
Bunker Hill Stock Price: August 21st, 2018
On the Canadian Securities Exchange, Bunker Hill (CSE:BNKR) is up nearly 4%. Considering it’s still early in the trading day, that’s not bad; especially when you consider penny stocks fluctuate and change within a matter of seconds.
As of 9:30 a.m. EDT, the BNKR stock is trading at $0.62, which puts the stock up 3.33%.
The Takeaway
If you’re a mining investor or someone moving into the penny stock market, check back in later this week to see where Bunker Hill is sitting.
Doing so could make it more clear as to why BNKR is up on Tuesday. If it falls back down to a new low at some point this week, that might be an indication that today’s increase was just penny stock volatility.
Check back in tomorrow for more penny stock news!
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