Scandium Canada Ltd. is trading 5% down at $0.19 today, pulling back after a significant 11.1% rally yesterday that was driven by positive company-specific news.
- On June 11, the company announced the launch of a 4,000-metre diamond drilling program at its Crater Lake project in Québec.
- The program's goal is to collect a metallurgical bulk sample to support a Prefeasibility Study and to conduct resource extension and exploration drilling.
- Yesterday's rally was a direct response to this announcement, and today's decline appears to be profit-taking or a technical correction following the sharp news-driven gain.