On Tuesday, the GNCC Capital Inc (OTCMKTS:GNCP) stock came into sharp focus among investors after the company provided a key corporate update. The stock seemed to be in considerable demand yesterday among investors and ended up clocking gains of as much as 12.50%.
The gains in the stock came about after the company announced yesterday that the directors of GNCC Capital decided to enter into ‘very material discussions’. It was further announced that the directors are at a stage at which they could bring about a closure to certain transactions without any stress.
GNCC Capital also provided some details with regards which investors ought to know about. The company revealed that a well known corporate finance firm has approached it for potentially advancing the funds that it is going to need for some initiatives. Specifically, the funds are going to be deployed towards exercising the option with regards to lithium exploration properties.
Additionally, extra funds are going to be allocated by way of which GNCC Capital could become a profitable company that can bring in both strong revenues as well as cash flow. In light of these updates, it might be a good time for investors to put the GNCC Capital stock in their watch lists.
Market Reaction:
On Tuesday, GNCP stock gained 12.50% at $0.0005 with more than 3.25 billion shares, compared to its average volume of 359.41 million shares. The stock had moved within a range of $0.0002 – 0.0005 after opening the trade at $0.0003. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0037.
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