Gatos Silver, Inc. (GATO) shares are spiking on Monday morning continuing a rally that started on January 29. There has been no company-specific news reported today that could drive the stock up.
Currently, shares are at $18.96, up 43.53 percent from the previous close of $13.21 on a volume of 1,475,285. For the 52-week period, the shares have traded in a range of $5.78-$24.00 on average volume of 596,965.
Earlier in December, Gatos Silver and its Los Gatos Joint Venture partner, Dowa Metals & Mining Co., Ltd. commenced a 27,000-meter exploration program to convert CLG's established 3.2 million tonnes of inferred resources. In the first quarter of 2021, Gatos Silver will begin a 5,400-meter exploration program on its wholly-owned Santa Valeria project.
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