Silver Lake Resources (OTCMKTS:SVLKF) Shares Down 4.8%

Silver Lake Resources Limited (OTCMKTS:SVLKF)’s share price dropped 4.8% during mid-day trading on Monday . The stock traded as low as $0.59 and last traded at $0.59. Approximately 8,580 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 13,032 shares. The stock had previously closed at $0.62.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Silver Lake Resources from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 5th.

Silver Lake Resources Stock Down 4.8 %

The company’s fifty day moving average is $0.64 and its 200-day moving average is $0.70.

About Silver Lake Resources

Silver Lake Resources Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and copper concentrates in Australia and Canada. The company holds interest in the Deflector operations that produce gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia; and Mount Monger operations, which produce gold bullion located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province.