In the course of the past week, the Euro Manganese Inc (OTCMKTS:EUMNF) stock has emerged as one of the major movers in the market and managed to deliver gains of as much as 5% during the period.
Market Action
On Thursday, EUMNF stock ended flat at $0.3961 with 1.4k shares, compared to its average volume of 11.88k shares. The stock has moved within a range of $0.3961 – 0.3961 after opening trade at $0.3961.
Euro Manganese Completes Share Issuances to EIT InnoEnergy
In this situation, it may be a good move from investors to consider taking a look at the announcement from the company yesterday and then come to a decision with regards to the Euro Manganese stock. The company announced yesterday that it had issued as many as 478027 common shares to EiTInnoEnergy in exchange for the an investment of as much as C$278,012 in two tranches.
In this context, it should be noted that the company had actually signed a Project Support Agreement with EiTInnoEnergy and the transaction went through according to the provisions of the agreement. It was a significant announcement from the company and one that may lead to further attention for the stock over the course of the coming days.
At this point in time, it may be a good idea to add the Euro Manganese stock to your watch lists and keep an eye on the price action.
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