One of the gold stocks to have managed to emerge as a major gainer over the course of the past week is the Harvest Gold Corporation (OTCMKTS:HVGDF) stock. It has attracted the attention of investors in a big way and managed to clock gains of as much as 13% during the past week.
Trading Data
On Tuesday, HVGDF stock ended flat at $0.1470 with more than 70 shares, compared to its average volume of 2.3K shares. The stock has moved within a range of $0.1470 – 0.1470 after opening trade at $0.1470.
Harvest Gold Announces Closing of Private Placement
Yesterday, the company was in focus once again after it made a key announcement. Harvest Gold announced that it had been successful in finally closing its non-brokered private placement in which it managed to raise as much as $340,000 in the form of gross proceeds.
In that particular private placement, the company issued a total of 3,400,000 units and priced them at $0.10 each. However, at the same time, it should be noted that the closure of the private placement is still subject to the final approval provided by the TSX Venture Exchange.
It was a major development for the company and it seems that investors are quite optimistic about Harvest Gold following the latest capital raise. It may now be a good move for investors to add the stock to their watch lists and keep an eye on the price action in the coming days.
Technical Data
HVGDF stock is trading above the 20-Day and 50-Day Moving averages of $0.0995 and $0.0993 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.1246.
