The week did not start of particularly well for Moon Equity Holdings Corp (OTCMKTS:MONI) as its stock carried on from where it left off last week and continued to slide. Yesterday, the Moon Equity Holdings slid by 10% as the selloff continued and the slide took its losses for the past week to as much as 40%.
On Monday, the company provided the details pertaining to the acquisition of Royal Costino LLC. It was a recent acquisition for Moon Equity Holdings. The company announced that Royal Costino has been in business since as far back as 2013 and it is going to operate as a fully owned subsidiary company.
In the update provided yesterday, Moon Equity Holdings also noted that it drafted in Anthony Cappaze as the President of the recently established Mining Division. In this regard, it is also necessary to take a look at Cappaze’s credentials. Moon Equity Holdings announced that over the course of the past three years alone, Cappaze had been responsible for the processing as well as export of as much as 100,000 ounces of gold. The exported gold was sold for an average price of $1500 per ounce.