Setting A New 52-Week High This Morning, WALRF Could Start Generating Some True Breakout Buzz
U.S. Symbol: (WALRF) - Canadian Symbol (WAL)
WALRF has come out swinging this morning!
Hitting a new 52-week high of $.81+, could we see this new profile push even higher today?
Currently up approximately 13%, WALRF is riding high after recent major acquisition news plus updates from their properties.
Additionally, WALRF has been trending in the right direction as it currently is trading over both its 5-Day and 20-Day Simple Moving Averages.
If you haven't read my initial report on WALRF, do so now and get it on your radar this second.
Did you miss out? If you don't know what I'm talking about, I'm sorry that you missed my last two profiles run over an approximate 500% combined intraday.
That's right. Last week I brought two different profiles to you that ran approximately 175% and then approximately 342% intraday back-to-back.
But hey, I'm here to tell you don't sweat it. I've uncovered a new under-the-radar idea that you need to get on your radar this instant.
My new profile is a junior explorer with properties next to some big industry titans. All it may take is one big "strike" and this company could draw direct attention from Wall Street's elite.
During the better part of this year, we've been witness to economic and political disruptions along with a lack in global health as the pandemic has changed life worldwide. With everything that has taken place, investors have flocked to safe-havens to diversify their portfolios.
Gold & Silver Markets - Potential Driver Indicators
In doing so, Gold has seen its price sky-rocket to all-time highs in 2020 at over $2K an ounce at points.
At the beginning of the year, you could find silver's price to be in the high $17 range before making a move all the way to $29 in August. Silver had not been that high since 2013.
Though there has been a slight correction in both gold and silver prices towards the end of 2020, analysts are pointing towards 2021 as a potential 2nd boom for each metal as economic uncertainty still looms.
According to CNBC, "Goldman (Sachs) expects the metal to average a price of $2,300 per ounce in 2021, up from its predicted average of $1,836 per ounce this year."
Ole Hansen, Saxo Bank’s head of commodity strategy, describes "silver as 'gold with a little bit of a rocket attached,' as it tends to rally 'higher and faster' than its pricier peer."
Hansen also says, "But the fact that the silver price is still only halfway to its record high of over $48 in April 2011, while gold has already topped previous records, is helping attract inves*tors to the former, he said."
As analysts provide a picture of both gold and silver prices to have substantial upside potential in the near term, one junior explorer needs to garner your full focus at the moment:
Walcott Resources Ltd. (WALRF)
Walcott is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada and Australia. The Company holds an option to acquire a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill copper-gold-cobalt property consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada.
In addition, the Company has acquired 60% of two silver assets in Australia - the Tyr Silver Project in northern New South Wales and Century South Silver-Zinc Project in north-west Queensland.
Walcott also trades on the Canadian Securities Exchange under the symbol (WAL) and on the Frankfurt Stock Exchange under the symbol (WR2).
No. 1 Potential Driver Indicator: WALRF is trading around its 52-week high and has been trending in the right direction.
During Monday's session, we watched as WALRF set a new 52-week high of $.74.
On top of that, as of close Monday, WALRF was trading over 2 key lines in its 5-Day and 20-Day Simple Moving Averages.
Could this be signaling the start of a surge to the $1.00 mark in the near future?
News from one of WALRF's projects could help light the fire to send this profile's share prices vertical, so let's dive in.
Cobalt Hill Project
The Cobalt Hill Property is located 5 kilometres east of Castlegar, BC, and consists of 8 mineral tenures totaling 1727.43 hectares. The Property is owned by Jack Denny of Salmo, BC and is under option to Walcott Resources (“Walcott”) Ltd. of Vancouver, BC, who has the right to earn a 100% interest in the Property, subject to a retained Net Smelter Return.