Shares of Texas Mineral Resources Corp. (OTCMKTS:TMRC – Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.85 and traded as low as $0.8325. Texas Mineral Resources shares last traded at $0.85, with a volume of 366,887 shares traded.
Texas Mineral Resources Trading Down 9.6%
The firm has a 50-day simple moving average of $0.85 and a two-hundred day simple moving average of $0.88.
About Texas Mineral Resources
Texas Mineral Resources Corp (OTCMKTS: TMRC) is a U.S.-based mineral exploration and development company focused on advancing gold projects in West Texas. The company’s flagship asset is the Howard County Gold Project, located near Big Spring, where it holds both patented and leased mineral rights. Texas Mineral Resources conducts systematic exploration, including drilling, trenching and resource modeling, with the goal of delineating and expanding near-surface oxide gold mineralization amenable to low-cost heap‐leach processing.
Since acquiring the Howard County property in 2013, the company has completed multiple phases of metallurgical testing and preliminary economic studies to optimize recovery methods and assess potential production scenarios.
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