the Black Dragon Resources (BDGR) Stock Extends Rally: How far Can It Go?

This morning investors are expected to keep a close eye on the Black Dragon Resources Companies Inc (OTCMKTS:BDGR) stock after it emerged as one of the major gainers on Tuesday.

There was no fresh news about the company yesterday but it managed to clock gains of as much as 31% on the back of considerable investor interest. In this situation, it might be prudent for investors to take a look at an update that had been provided by Black Dragon Resources to its shareholders last week. The update was related to certain new developments and also dividends as well as a targeted ‘record date’ for the same.

Not too long ago, Black Dragon Resources and its parent company PRPM had been upgraded to the status of ‘current status filers’ on the OTCPK. That was a major development for the company since it made it possible for Black Dragon Resources as well as PRPM to submit the FINRA with regards to the corporate action related to the dividend payout. As per the plans devised by Black Dragon Resources, the record date for the receipt of the dividend by the company’s shareholders has been set at September 15, 2021.

Market Reaction:

On Tuesday, BDGR stock gained 31% at $0.0007 with more than 1.29 billion shares, compared to its average volume of 260.29 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.

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