Those who might be on the hunt for gold stocks could do well to take a look at the Freeman Gold Corp (OTCMKTS:FMANF) stock which has managed to attract significant attention from investors in recent days.
Trading Data
On Friday, FMANF stock soared 13.10% to $0.4343 with 68k shares, compared to its average volume of 82k shares. The stock has moved within a range of $0.3810 – 0.4343 after opening trade at $0.3833.
Freeman Gold Announces Closing of US$13.4 Million Oversubscribed Non-brokered Private Placement
Last Friday, the stock was in the middle of a rollicking rally yet again and ended the day with gains of 13% amidst heavy interest. That took the gains made by the Freeman Gold stock to as much as 32% over the course of the past week. In this situation, investors need to be cognizant of the fact that there was no news about the company at all in the past week.
While the rally may appear random, it may be a good time to remember that back on November 29, 2021, Freeman Gold had made an announcement with regards to the closure of a private placement of a non-brokered nature.
Freeman Gold announced that it had offered a total of 38,261,617 units in the offering and priced it at $0.35 each. In the process, it managed to raise as much as $13,391,565.95 in the form of gross proceeds. It now remains to be seen if the stock can manage to hold on to its momentum this week.
Technical Data
FMANF stock is trading above the 20-Day and 50-Day Moving averages of $0.37 and $0.37 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.31. The stock is up 18% in the past month.
