Metals Creek Resources Corp (OTCMKTS:MCREF) Stock Gains Momentum: But Why?

This past Friday, the Metals Creek Resources Corp (OTCMKTS:MCREF) stock had ended the week strongly and managed to clock gains of as much as 4% for the day. In this situation, it is likely that the stock is going to be on the radars of investors this morning.

Market Action

On Friday, MCREF stock ended higher by 2.83% to $0.1234 with 7.7k shares, compared to its average volume of 39.6 shares. The stock moved within a range of $0.1197 – 0.1234 after opening trade at $0.1197.

Metals Creek Resources Provides Results of Annual General Meeting

However, it may be a good idea to take a look at an announcement made by the company yesterday. The company announced yesterday that it had been successful in completing of its special and annual general meeting. The meeting in question had been hosted on January 20, 2022. The shareholders had voted in favour of the stock option plan from Metals Creek Resources.

It should be noted that the stock option plan is devised every year by the company. However, that was not all. The shareholders also voted in favour of retaining the services of Wasserman Company as the auditor of the company.

It is now going to be interesting to see if the latest developments lead to any particularly strong move in the stock and if it can manage to carry the momentum gathered on Friday o to this week. It might be a good time to add the stock to your watch lists.

Traders Note

MCREF stock is trading above the 10-Day and 20-Day Moving averages of $0.1310 and $0.1432. Moreover, the stock is trading is the neutral zone with RSI stands at 42.

Related Posts

About The Author