Ursa Major Falls 8% to Year Lows Even As Shakespeare Drilling Confirm Higher Nickel, Copper Grades; Heavily Traded Today
Ursa Major Minerals Incorporated (UMJ.TO) has seen heavy trading today with shares dropping 8% to year low $0.055 from yesterday's 6 cents close, even after announcing new confirmation drilling results at the Shakespeare East Nickel deposit that proved higher nickel and copper grades.
The company said the drilling has confirmed near surface mineralization in the East Pit area that is significantly higher grade than the material currently being mined from the Shakespeare West Pit.
More than 1.6 million UMJ shares have already traded.
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