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