As the year draws to a closer, investors are still going to be on the lookout for stocks amidst all the festivities and one of the stocks many of them might be looking into is that of Satori Resources Inc (OTCMKTS:STRRF).
Trading Data
On Thursday, STRRF stock ended flat at $0.1196 with 4K share, compared to its average volume of 5k shares. The stock has moved within a range of $0.1196 – 0.1196 after opening trade at $0.1196.
Satori Closes Private Placement Financing
The Satori stock has been one of the major movers over the course of the past month and has managed to clock gains of as much as 20% amidst heavy interest. As it happens, the company was actually in the news yesterday and it may be a good move from investors to consider taking a look at it.
The company announced on Thursday that it had managed to conclude a private placement in which it had raised as much as $2,144,050 in the form of gross proceeds. In this context, it should be noted that Satori issued a total of 7,154,737 flow through common shares for this purpose and priced it as $0.19 each.
It was a major transaction for the company and one that could lead to further attention from investors in the coming days. At this point, it may be a good move for investors to add the stock to their watch lists.
Technical Data
STRRF stock is trading below the 10-Day and 20-Day Moving averages of $0.12 and $0.1209 respectively. However, the stock is trading above the 200-Day moving average of $0.1014. The stock is down 52% in the past month.
