There may not have been any news about Irving Resources Inc (OTCMKTS:IRVRF) back on December 31, 2021 but the company’s stock ended the previous year on a high and managed to deliver gains of as much as 13%. However, the magnitude of the gains means that it may be a good move to keep the stock in your sights today.
Trading Data
On Friday, IRVRF stock jumped 12.42% to close at $1.03 with more than 39k shares, compared to its average volume of 36K shares. The stock has moved within a range of $0.9030 – 1.0300 after opening trade at $0.9279.
Irving Resources Reports 2021 Grant of Stock Options
The last time there was any news about the company was back on December 21, 2021. At the time, the company had announced that as per the provisions of its stock options plan it had decided to grant incentive stock options to its consultants, directors, employees and officers.
Those individuals would be able to pick up a total of 1745000 common shares in Irving Resources. The exercise price for the option has been set at $1.09 a share. The holders are going to get a term of as long as three years, however, at least one third of the total stocks would need to be vested in an interval of six months. It was a major announcement from the company and may have had an effect on the rally that was seen in the stock on Friday.
Technical Data
IRVRF stock is above the 20-Day and 50-Day Moving averages of $0.88 and $0.85 respectively. However, the stock is trading below the 200-Day moving average of $1.21. The stock is up 28% in the past month.
