RooGold Inc (OTCMKTS:JNCCF) has released its end-year review. The company acquired several complementary properties in New South Wales, Australia, which produces the second-highest amount of gold in Australia.
Trading Data
On Thursday, JNCCF stock ended flat at $0.1857 with more 1.2k shares, compared to its average volume of 4.9k shares. The stock has moved within a range of $0.1857 – 0.1857 after opening trade at $0.1857.
RooGold Year-End Review
RooGold purchased Southern Precious Metals Ltd, thus welcoming prominent shareholders, Dr. Quinton Hennigh and Dr. Chris Wilson. Dr. Wilson has over three decades of experience in target generation, prospect generation, and area selection.
Dr. Hennigh, on the other hand, works as a consultant for many mining companies, including NewFound Gold Corp. He also founded Novo Resources, which made a significant discovery in Western Australia.
The company also acquired RooGold Limited, which was a private company. These transactions enabled RooGold Inc to add nine exploration land packages in New South Wales. It also acquired Trilby and Lorne to complement one of the packages it purchased from RooGold Limited. The company bought these two properties from Aussie Precious Metals Corp.
From these acquisitions, RooGold Inc gained nine silver and gold properties in New South Wales. The region has a gold endowment of more than 3160 tonnes. Furthermore, it has excellent deposits and an experienced workforce. It also has innovative, responsible, and safe mining practices.
Key Quote
“I firmly believe we are executing the necessary steps required for RooGold to become a successful and global exploration company. 2021 has been a year of transformational acquisitions and I am very excited to further explore these properties, while driving awareness to our story,” stated Mike Mulberry, CEO of RooGold. “Looking at 2022, our plan is to continue building out a best-in class management team to execute on our strategy and to engage proven resource story-tellers to help us tell our compelling story to the markets,” continued Mr. Mulberry.
Technical Data
JNCCF stock is trading above the 20-Day and 10-Day Moving averages of $0.1771 and $0.1812 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.1456.
