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Walker River Resources surged 24.7% on heavy volume, driven by its Nevada gold project, despite uncertain long-term prospects.
Walker River Resources (CVE:WRR) jumped 24.7% on Tuesday, closing at C$0.48 amid a surge in trading volume to around 600,000 shares—over five times its average daily volume.
The Vancouver-based exploration company, which owns the Lapon Canyon gold project in Nevada, has a market cap of C$25 million.
Despite strong price momentum and high volatility, the stock's negative P/E ratio and mixed technical signals raise questions about its long-term investment appeal.
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Walker River Resources subió un 24,7% en volumen pesado, impulsado por su proyecto de oro de Nevada, a pesar de las inciertas perspectivas a largo plazo.