Gold Rock Holdings Inc. (OTCMKTS:GRHI) Stock Sees Sudden Selling Pressure: But Why?

Gold Rock Holdings Inc. (OTCMKTS:GRHI) fell 10%. Recently the company announced that its Form 10 filing turned effective without any further comments as per the Securities Exchange Act of 1934.

Market Action:

On Tuesday, GRHI stock lost 10.20% at $0.0440 with more than 89.60K shares, compared to its average volume of 57.95K shares. The stock has moved within a range of $0.0261 – 0.0490 after opening the trade at $0.0490.

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Following this, the company is now subject to SEC reporting requirements that include filing quarterly and annual financial reports.CEO Merle Ferguson said that the company did the filing voluntarily, representing a formal commitment to company transparency. In addition, the company expected to grow its General Contracting operation by establishing an underground fiber-optic fast cable and broadband infrastructure.

The corporation plans to grow and establish itself in the market through marketing campaigns seeking to enhance awareness of its engineering and construction services. Gold Rock Holdings will drive business growth via partnerships with high-tech service companies, cable, internet, mobile phone, satellite, and communication service providers. Additionally, the company wants to expand through acquisitions it considers accretive to its operations. Investors should keep an eye on GRHI in the coming weeks.

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