08:05 AM EDT, 04/03/2025 (MT Newswires) -- Walker Lane Resources (WLR.V) reported Thursday unusual trading activity of its common shares that appears to have begun on March 27.

The company said some of the recent market transactions could be an organized short selling tactic, and it cannot determine any other explanation for the unusual downside trading activity.

Walker Lane said it has contacted market regulator CIRO, which is now evaluating certain market transactions and trading patterns to determine if a more comprehensive investigation is required.

"The recent trading of our common shares does not in our opinion accurately reflect the value of our assets and the potential value generation that we submit can be derived by executing our current strategic direction," said Kevin Brewer, Walker Lane's president and CEO.

Walker Lane is advancing the Tule Canyon gold-silver project in Nevada and the Amy gold-silver project in British Columbia.

The company's share price closed 6.3% higher on Wednesday at $0.17 on the TSXV.