If you are currently looking into the possibility of investing in mining stocks then it could be a good move to start looking into Golden Independence Mining Corp (OTCMKTS:GIDMF) a bit more closely.
Trading Data
On Wednesday, GIDMF stock soared 18.67% to $0.0934 with more than 33k shares, compared to its average volume of 26k shares. The stock has moved within a range of $0.0934 – 0.0962 after opening trade at $0.0949.
Appoints Jeremy Poirier to the Board of Directors
The exploration company is currently involved in developing its flagship property that is situated closed to Phoenix-Fortitude mine. However, on Wednesday, the Golden Independence Mining stock was in focus after it announced that it had appointed a new member to its board of directors in the form of Jeremy Poirier. The announcement came as a source of optimism for investors and the stock soared by as much as 19% amidst heavy action.
In light of the handsome gains delivered by the stock yesterday, it is quite likely that the stock is going to come into focus among investors this morning. Hence, it could be a good idea to have the Golden Independence Mining on your watch lists at this point in time. Poirier is a highly experienced executive who has worked in the capital markets for more than twenty years and is expected to bring a new level of expertise to the Golden Independence Mining board of directors. Additionally, he has worked extensively at mining companies as well.
Technical Data
GIDMF stock is trading below the 20-Day and 50-Day Moving averages of $0.1044 and $0.1102 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1733. The stock is down 28% in the past week.
