Antioquia Gold Inc (OTCMKTS:AGDXF) Stock Consolidates After The Recent Fall

It is likely that the Antioquia Gold Inc (OTCMKTS:AGDXF) stock could come into focus among investors today despite the fact that it was trading within a range on Thursday.

Market Action

On Thursday, AGDXF stock ended flat at $0.0290 with 21k shares, compared to its average volume of 3K shares. The stock has moved within a range of $0.0290 – 0.0290 after opening trade at $0.0270.

Antioquia Gold Reports 2021 Fourth Quarter and Full Year Production Results

In this situation, it could be a good idea for investors to consider taking a look at the announcement from the company yesterday and then come to a decision about the stock. Yesterday, the company was in the news after it announced a summary of its operating results for the three month and nine month periods both of which had ended on December 31, 2021.

Antioquia Gold announced that in the fourth quarter of 2021, it had managed to produce as much as 10109 ounces of gold and for the full year, the figure for the same overhead came in at 37855 ounces. The production in the fourth quarter reflected a health year on year rise of as much as 56%.

On the other hand, Antioquia Gold also manage to process as much as 1243 tonnes a day and that reflected a significant jump of as much as 52% on a year on year basis. It now remains to be seen if the stock can manage to come into play today.

Key Quote

“2021 has been a year of important growth for the company as we have almost doubled gold production compared to the previous year. I would like to extend my appreciation to all of our employees for their hard work and dedication that have allowed us to achieve these very satisfactory results,” stated Mr. Gonzalo de Losada, president and CEO of Antioquia Gold.

Traders Note

AGDXF stock is trading above the 20-Day and 50-Day Moving averages of $0.0288 and $0.0284. Moreover, the stock is trading is the neutral zone with RSI stands at 53. The stock is up 9% over the past month.

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