Will The Rally Continue? Golden Leaf Holdings Ltd (OTCMKTS:GLDFF)

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) closed higher on Thursday. Will the rally continue?

Market Action

On Thursday, GLDFF stock closed up by 7.74% at $0.050. More than 1.01 million shares exchanged hands for the day. The stock opened at $0.520 and moved within a range of $0.0452 – 0.0520.

GLDFF Announced News

Golden Leaf Announces Timing of Corporate Name Change to Chalice Brands Ltd. and Share Consolidation

  • GLDFF announced today that, pursuant to the shareholder approval obtained by the Company at its Annual and Special Meeting (“AGM”) held on May 10, 2021, the Company is enacting the consolidation of its common shares on the basis of one (1) post-consolidation common share for every twenty-three (23) pre-consolidation common shares (the “Consolidation”) and the change of its name from “Golden Leaf Holdings Ltd.” to “Chalice Brands Ltd.” (the “Name Change”).
  • The Consolidation and the Name Change will take effect on Tuesday, May 25, 2021 and the Company’s common shares will commence trading on a post-Consolidation basis under the new name and under the symbol “CHAL” on the Canadian Securities Exchange at the open of trading on May 25, 2021. The Company will receive a new symbol for the OTCQB in short-order and will announce separately.

Trader Notes

Share Information

SHARE FLOAT (%)805.97 M (91.27%)

Recent Stock Performance

5-DAY PERF.+2.24%
1-MONTH PERF.+3.51%
3-MONTH PERF.-5.47%
6-MONTH PERF.+169.35%
YTD PERF.+130.88%
1-YEAR PERF.+213.12%

Moving Averages

+/- EMA(20)0.0477 (+5.03%)
+/- SMA(50)0.0477 (+5.03%)
+/- SMA(200)0.0310 (+61.61%)

Pivot Points

Pivot Points
NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI2089.1792BuyChaikin Money Flow0.0414Neutral
MACD0.0001BuyMoney Flow Index50.1204Buy
STOCH (14,3)70.6294BuySTOCH RSI0.9891OverBought
UO49.1043SellWilliams %R-29.3706Neutral

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