If you are currently looking into stocks which have recorded significant gains over the course of the past weeks then it may be a good move to perhaps take a look at the Honey Badger Silver Inc (OTCMKTS:HBEIF) stock.
Trading Data
On Thursday, HBEIF stock ended flat at $0.0644 with more than 13k, compared to its average volume of 104k shares. The stock has moved within a range of $0.0644 – 0.0644 after opening trade at $0.0596.
Honey Badger Silver Announces Grant of Stock Options
The stock has been in the middle of a rollicking run in recent days and in the past week it has managed to clock gains of as much as 12%. On the other hand, the rally in the past week took its gains over the course of the past week to as much as 29%. In this situation, it may be a good time to take a look at the major announcement made by Honey Badger on Thursday.
The company announced yesterday that the members of its Board of Directors had granted their approval regarding the grant of stock options to consultants, employees, directors and officers at Honey Badger. As a result the individuals would be collectively able to buy up as much as 4809800 shares in the company for an exercisable price of $0.075 for a period of as long as five years. It was a significant announcement from the company and one that might lead to further interest from investors.
Technical Data
HBEIF stock is trading above the 20-Day and 50-Day Moving averages of $0.0573 and $0.0550 respectively. However, the stock is trading below the 200-Day moving average of $0.0746. The stock is up 30% in the past month.
