Holding company Trophy Resources Inc (OTCMKTS:TRSI) is involved in the acquisition of cash flow positive businesses with tangible assets and last Friday, the company came on to the radars of investors in a big way.
There was no specific news about the company on Friday but the Trophy Resources stock went on a strong rally and ended the day with gains of as much as 32%. However, in light of the gains made by the company it might be necessary for investors to take more of an interest in Trophy Resources and take a look at a development from last month.
Back on September 3 the company announced that it had appointed a new Chief Executive Officer in the form of James Canouse.
In addition to that, Trophy Resources also announced that the resignation of Joseph Canouse from the positions of Chairman and CEO had also been accepted. Joseph Canouse stated that he after having led the company for many years, it was time for a new path and went on to add, that he was confident that the new management team was going to lead Trophy Resources to ‘great success. Investors could keep an eye on the Trophy Resources stock today.
