In the past week, there have been many stocks which have managed to clock significant gains and one of those is the Adyton Resources Corporation (OTCMKTS:ADYRF) stock.
Trading Data
On Thursday, ADYRF stock ended flat at $0.0522 with more than 20k shares, compared to its average volume of 1.3k shares. The stock has moved within a range of $0.0522 – 0.0522 after opening trade at $0.0439.
Adyton appoints Independent Director and restructures Board
The stock has managed to garner significant interest in the past week and during that period it has managed to clock gains of as much as 19%. In this situation, it may be a good move for investors to take a look at the overnight news with regards to the company. The company announced today that it had appointed a new independent non-executive director in the form of David Irving.
The appointment went into effect today. However, it should be noted that the appointment is going to be subject to approval from the TSX Venture Exchange. However, that was not all.
In addition to that, Adyton also announced that Tim Crossley and Sinton Spence, who are both directors, have been appointed as the Interim Chief Executive Officer and the Chairman of the company’s board respectively. It is now going to be interesting to see if the stock can manage to end the year on a high note and add to its gains this morning following this news.
Key Quote
Interim CEO Tim Crossley said, “Like Sinton I am an absolute believer in the geology of our assets and look forward to restructuring and positioning Adyton for continued success and better value recognition by the market.” Mr Crossley said he had also met with Chief Geologist Rod Watt who having coordinated and managed the exploration programs prior to Adyton’s listing and over the last 9 months is also an absolute believer in the geology and has advised he wishes to stay involved in whatever capacity the new Board desires.
