Ceylon Shares Surge on Commencement of Drilling

posted in: Ceylon Graphite | 0

Ceylon Graphite (TSX-V:CYL) shares surged ~82% yesterday on news that the company had begun drilling at its K1 site in Sri Lanka:

CYL.V (Daily)


A decisive breakout above C$.44 could easily target the C$.65-C$.75 area. Meanwhile CYL bulls will want to see the stock hold above the C$.30 on any pullbacks.

Read also: Ceylon Graphite – Bringing The World’s Highest Purity Graphite Into Commercial Production



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