After the company provided a series of updates yesterday, the Black Dragon Resource Companies Inc (OTCMKTS:BDGR) stock was in major focus among investors and ended up clocking gains of as much as 50%. In light of the gains recorded by the company yesterday, it might be the right time for investors to take a closer look at those updates.
The company announced that not too long ago it had been upgraded to ‘current status filers’ by the OTCPK. The company stated that this, along with some other developments, opened the pathway for Black Dragon Resource to be fully complaints. The same happened with the company’s parent firm.
These developments will now allow both the companies in filing the FINRA for the purpose of dividends. On the other hand, the company also notified that the record date for the dividends to PRPM, its parent company, is going to be July 30, 2021.
The record date for the dividend payouts that are going to be handed out to Black Dragon Resource shareholders has been set at September 15, 2021. The Black Dragon Resource shareholders are going to get their dividends in ‘registered NFT (non fungible token)’. It now remains to be seen if the stock can hold on to its momentum for the rest of the week.
Market Reaction:
On Wednesday, BDGR stock soared 50% at $0.0006 with more than 3.61 billion shares, compared to its average volume of 304.50 million shares. The stock had moved within a range of $0.0004 – 0.0007 after opening the trade at $0.0005. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0034.
 Stock Moves After The News: More to Come?){kind=link}