S-1 Filing Talk Created Massive Buying Pressure For These Shares

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, October 28, 2021

A Colorado-based micro cap could give us a show for the second day in a row as shares are currently bid up in the green following a massive rally yesterday. The company announced on Wednesday that it had completed its audits reflecting $47 million in assets and is preparing its S-1 filing to take the initial steps toward a Nasdaq listing. Long term holders of Western Sierra Resource Corp (OTCPK:WSRC) have to be pleased with this performance.

Western Sierra Resource Corp is a multifaceted resource company and revenue producer focused on applying and expanding its $40,500,000 water rights' assets. The beneficial uses of its water rights include growing industrial hemp, manufacturing, and undertaking related eco-friendly, high-yield, projects.

Traders appear to be eager to get their hands on shares even after the rally we’ve seen this week, as shares are currently bid up slightly over yesterday’s close at $0.145/share (+1.47% implied open for sellers). While this isn’t a massive move by any means, this could be an indication of the sentiment on the day, especially following yesterday’s +108.01% rally to close at $0.1429/share.

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