This morning, investors in Monumental Minerals Corp (OTCMKTS:MNMRF) are going to keep a close eye on the company’s stock considering the fact that on Tuesday it had delivered significant gains. Yesterday, the stock had come into sharp focus after a major announcement from the company and had ended the day with gains of as much as 8%.
Trading Data
On Tuesday, MNMRF stock soared 7.62% to $0.3121 with 800 shares, compared to its average volume of 89 shares. The stock has moved within a range of $0.3121 – 0.3121 after opening trade at $0.3121.
Announces Interim CEO
It should be noted that on Tuesday, the stock had actually come into focus after Monumental Minerals announced that it had appointed Max Sali as the interim Chief Executive Officer. Despite being an interim appointment it should be noted that a new CEO can often prove to be a trigger for the company’s stock price.
The appointment from Monumental Minerals came about after the former CEO Todd Macdonald resigned from his position. Macdonald had also stepped down from his position as the chairman of the Monumental Minerals board. The mineral exploration company is expected to be watched closely today by many investors and it remains to be seen if it can add to its gains over the course of the coming days. It may now be a good move to add the stock to your watch lists.
Technical Data
MNMRF stock is trading below the 20-Day and 50-Day Moving averages of $0.19 and $0.22 respectively. However, the stock is trading below the 200-Day moving average of $0.23. The stock is down 5% in the past week.
