Clifton Mining Company (OTC:CFTN) Stock Soars 31.37%: Here is Why

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There were a large number of stocks that made strong moves yesterday, and one of those was Clifton Mining Company (OTC:CFTN). The stock had come into sharp focus on Friday and ended up with gains of as much as 31.37% amidst strong interest. The rally in the stock was largely brought about by the fact that silver, gold, and other precious metals had managed to hit new all-time highs. Such a state of affairs naturally led to considerable attention for the Clifton Mining stock.

The company was established in 1993 as a natural resource company focused on lead, gold, and silver production. At the time, the company boasted 14027 acres of land on the Utah-Nevada border. The company’s property boasts both patented and lode claims. Additionally, Clifton Mining also has a production mill that can process up to 250 tons a day.

In May 2023, the company announced its report for the month. The company announced at the time that it had released its audited financial statements for the 2022 fiscal year. At the time, the company also noted that there had been delays since the valuation of Clifton Mining’s holdings in Desert Hawk needed further evaluation. It was also noted that the management of the company had decided that it was the right move to have a valuation performed in order to figure out the real valuation of Desert Hawk.

Clifton Mining Company (OTC:CFTN) Stock Soars 31.37%: Here is Why

ByBina Murarka

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