Blue Thunder Mining Inc (OTCMKTS:BLTMF) did not see much action in its stock this past Friday despite making a major announcement with regards to its stock options. The stock remained on a range on Friday but today is a new day and a new week and it remains to be seen if the Blue Thunder Mining stock gets any action or not.
Market Action
On Friday, BLTMF stock ended flat at $0.0287 with 88k shares, compared to its average volume of 16K shares. The stock has moved within a range of $0.0287 – 0.0287 after opening trade at $0.0287.
Blue Thunder Mining Grants Stock Options
Hence, it is important to take a closer look at the actual announcement from the company. The company announced last Friday that its Board of Directors had provided the necessary approval for the stock options grant to its consultants, directors, employees and officers.
The aforementioned personnel are going to get the option of picking up as many as 4,375,000 shares in Blue Thunder Mining and the exercise price for the same has been fixed at $0.05 share for as long as five years since the day of the grant. It should be noted that there are a range of terms and conditions that will also have to be fulfilled before the options can be picked up.
It now remains to be seen if the announcement from the company leads to any kind of strong move in the Blue Thunder Mining stock today.
Traders Note
BLTMF stock is trading below the 50-Day and 200-Day Moving averages of $0.0302 and $0.0398. Moreover, the stock is trading is the neutral zone with RSI stands at 38.
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