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Endeavour Silver Corporation Up 17% Today!

EXK Chart 12 feb 09

Chart courtesy of Stockcharts

Endeavour Silver Corporation sparkled today when the stock price gained 17% today putting on $0.25 on twice the average daily turnover. Silver also came out of the traps roaring with a increase of $0.40 taking the silver prices up to $13.53.

Below is a snippet for a news release that Endeavour sent us this morning:

Barry Devlin, Vice President of Exploration, "Endeavour's business model of acquiring fully built and permitted mines in historic silver districts that have run out of ore but were never fully explored requires us to bring the capital and expertise needed to explore for and discover new high grade silver-gold ore-bodies. Last year, our talented exploration team once again delivered several exciting new discoveries, some of which will be included in our next NI 43-101 reserve/resource estimate expected in late March 2009."

In 2009, Endeavour plans a two-phase exploration program focused on following up several of the new discoveries made near Endeavour's two mining operations, at Guanacevi in Durango State and Guanajuato in Guanajuato State in 2008; and testing several new prospective targets within those two districts.

If you are can find the time then reading this news release in full will not only give you the detail in terms of drill hole results etc, it also conveys a high level of comfort in terms of confidence in the management team, just click this link.

Endeavour Silver Corporation has a Market Capitalisation of $83.27 million with 49.04 million shares outstanding, a 52 week high of $4.60 and 52 week low of $0.71, closed is trading today at $1.71 and trades as: EDR: TSX, EJD: DB Frankfurt, EXK: AMEX, which gives this stock plenty of exposure.

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Stay tuned folks..

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Reader Comments (1)

Note: Correction to Share Structure

Shares Issued 51.3 million
Closely Held 4.5 million
Warrants/Options 6.4 million
Fully Diluted 57.7 million

February 12, 2009 | Unregistered CommenterSilver Prices

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