When a company makes an announcement with regards to major appointments in the upper echelons of its management, then it can often lead to a movement in the stock. However, that did not happen with the Northern Graphite Corporation (OTCMKTS:NGPHF) after the company made such an announcement yesterday and its stock continued to trade within a range.
Trading Data
On Tuesday, NGPHF stock ended flat at $0.64 with more 51k shares, compared to its average volume of 73k shares. The stock has moved within a range of $0.6400 – 0.6400 after opening trade at $0.64.
Northern Graphite Announces Senior Management Appointments
However, it may still be a good idea for investors to consider taking a closer look at the announcement from Northern Graphite Corporation. One of the major appointments made by the company was that of David Marsh as the Chief Operating Officer.
On the other hand, Northern Graphite Corporation also appointed a new Chief Financial Officer in the form of Christopher Parks and a new Director of Finance and Administration in Nathalie Pilon.
There were other appointments too but these were the most significant. It should be noted that Northern Graphite Corporation decided to go for such wholesale changes in the upper management in its stated vision of strengthening the management team. It is a major development and it is going to be interesting to see how the new management goes about its business in the coming months.
Key Quote
Gregory Bowes, CEO, commented that, “On behalf of the Board of Directors I wish to welcome Dave, Chris, Nathalie and Kirk to the team as we embark upon a very exciting journey in transitioning from a development stage company to a producer. John McNeice CPA CA is resigning as CFO and the Board of Directors would like to thank him for the very capable and efficient manner in which he handled this role over the past four years. John will remain as Corporate Secretary and will assist with the transition of Northern’s finance functions to the new team.”
