When stocks are in a mode of consolidation, it may often be a good move for investors to consider taking a closer look into those and one of the stocks that could be looked into due to that reason is the Canada Carbon Inc (OTCMKTS:BRUZF) stock.
Market Action
On Monday, BRUZF stock ended flat at $0.0565 with 10k shares, compared to its average volume of 16K shares. The stock moved within a range of $0.0565 – 0.0565 after opening trade at $0.0565.
Key Details
There was no news about the company on Monday but back on April 29 that company had announced that it had brought in RemantraSheopaul in the capacity of the new Chief Financial Officer. His appointment went into effect immediately. Sheopaul replaced Olga Nikitovic in the position. In this regard, it should be noted that Nikitovic had also served as the Chief Executive Officer of Canada Carbon for a while.
The appointment of Sheopaul in the role could well prove to be an important one for the company and hence, it may be a good move for investors to perhaps take a closer look at his credentials. He had been working with Marrelli Support Services prior to the appointment.
At that position, he had been involved in building close relationships with clients by providing them with exemplary service. He had been involve with initial public offerings quite regularly in his previous role.
Key Quote
“We thank Olga for her stewardship and guidance of the Company through a very difficult time in its development.” said Ellerton Castor, Chief Executive Officer of Canada Carbon. “As the Company embarks on a strategic repositioning, the Company will need to supplement the management team. Remantra’s addition as Chief Financial Officer will be critical to enhancing our ability to execute. We welcome Remantra into this role.”
Traders Note
BRUZF stock is trading above the 50-Day and 200-Day Moving averages of $0.0562 and $0.0562 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 55.
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