In the past week, the Minaurum Gold Inc (OTCMKTS:MMRGF) stock has emerged as one that could be tracked by investors. The stock continued to be in focus among investors yesterday and went up by as much as 16%.
That took the gains generated by the Minaurum stock over the course of the past week to 27%. While the gains may be eye catching, investors should also keep in mind that there has been no news about the company in recent weeks. In fact, the last news to have emerged about the company was three months ago.
However, in this situation, it might be a good move to take a look at the development. The company announced at the time that it managed to raise as much as $9.2 million by way of a bought deal offering. More importantly, the bought deal offering also includes the option of over-allotment.
Initially, Minaurum had planned to offer 17.5 million units at 40 cents each in order to raise $7 million but eventually the company decided to boost the size of the offering to 23 million units. At this point, it could be a good move to keep an eye out for any news about Minaurum.
