Minco Silver Corporation (OTCMKTS:MISVF) Stock Falls 6% After Announcing Management Change

Minco Silver Corporation (OTCMKTS:MISVF) fell 6% on Friday after the company announced the appointment of Melina Hsu, its Chief Financial Officer, as the Corporate Secretary of the company, effective December 10, 2021.

Trading Data

On Friday, MISVF stock slid 5.80% to $0.2694 with more than 13k shares, compared to its average volume of 7.3K shares. The stock has moved within a range of $0.2639 – 0.2694 after opening trade at $0.2650.

Minco Silver Announces Management Change

The company also announced the resignation of Ms. Jennifer Trevitt as its VP Corporate Affairs and Corporate Secretary effective December 10, 2021. CEO and Chairman Ken Cai said that he thanks Jennifer for her contribution and services toMinco Silvers and wishes her the best in future endeavors on behalf of the Board of Directors.

The company focuses on mineral resources exploration and development of projects. Its main focus is advancing its properties, including the Changkeng Gold and Fuwan Silver Projects. The Changkeng Gold and Fuwan Silver projects are adjoined, sitting around 45km southwest of Guangzhou in China. Additionally, the company identifies and acquires other precious metal resources that can enhance shareholder value. Therefore, in the coming weeks, investors should keep an eye on MISVF.

Technical Data

MISVF stock is trading below the 20-Day and 50-Day Moving averages of $0.2895 and $0.3173 respectively. Moreover, the stock is below 200-Day moving average of $0.3577. The stock is down 16% in the past month.