Copper Fox Metals Inc. (

The large scale collapse is technically similar to a couple of previous collapses CUU had over the past year and every time the price got back up after falling for a couple of sessions.

CUU also got listed among the most actively traded ones on the exchange, thus more shorters will pay attention and might take the opportunity for profits and bring the price further down over the next couple days.

The price collapsed after the company published an update on operations carried out on the Schaft Creek copper-gold-molybdenum-silver project in British Columbia. The trading of the stock had also been halted for half the session since the update initially was published to a limited number of people due to some internal error.

http://ca.hotstocked.com/article/32992/copper-fox-metals-inc-cve-cuu-pink-cpfxf.html

The company said a resource estimate is underway for Paramount and Liard zones. The testing was carried out during the 2011 program and results will influence the feasibility study.

Copper Fox is having trouble with a timely execution of this study. Their deadline, set for March 31, will not be met due to manpower shortage and is now only expected in mid or late summer of 2012.

While the company is taking this as an opportunity to integrate 2011 drilling results into the mine plan, traders aren't taking things as lightly. The stock could drop another 20.3% before hitting its 52-week lowest spot and the last support it has.