Even if a stock trades within a range on a particular day, it is often important for investors to possibly take a look at some of the news that may have emerged about the company regardless.
Trading Data
On Monday, HBEXF stock ended flat at $0.0409 with more than 3.3K, compared to its average volume of 510 shares. The stock has moved within a range of $0.0409 – 0.0409 after opening trade at $0.0409.
Royal Fox Gold Announces Closing of C$2.83 Million Private Placement
The Royal Fox Gold Inc (OTCMKTS:HBEXF) was trading within a range on Monday but at the same time investors need to note that the company was in fact in the news. The company announced yesterday that it had managed to complete a private placement of a non-brokered nature by way of issuing as many as 28,300,000 charity flow through shares.
The company offered those shares in the private placement for $0.10 each and managed to bring in proceeds to the tune of as much as $2830000. It goes without saying that it was a significant development for the company and it is going to be interesting to see if the Royal Fox Gold stock does come into focus among investors at any point this week or not.
In addition to that, it should also be noted that the company had made an announcement with regards to the private placement previously on November 30, 2021. It may be a good time to start tracking the stock.
Technical Data
HBEXF stock is trading below the 20-Day and 50-Day Moving averages of $0.0416 and $0.0417 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0441. The stock is up 2% in the past month.
