This is that time of the year when heads of most companies provide New Year’s messages to the shareholders and yesterday it was the turn of Stellar AfricaGold Inc (OTCMKTS:STLXF).
Technical Data
STLXF stock is below the 10-Day and 20-Day Moving averages of $0.0390 and $0.0435 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0470. The stock is down 13% in the past month.
Trading Data
On Tuesday, STLXF stock ended flat at $0.0390 with 1K shares, compared to its average volume of 9K shares. The stock has moved within a range of $0.0390 – 0.0390 after opening trade at $0.0390.
President Delivers New Year’s Message and Reports AGM Results
In addition to the New Year’s address, the Chief Executive Officer and President of the company, J Francois Lalonde, also provided an update with regards to the results from the Annual General Meeting. Lalonde noted that in 2021 the company had started a new exploration initiative at the Moroccan TichkaEst gold project. More importantly, the exploration activities at the site also resulted in the discovery of a promising amount of gold.
It was an important announcement from the company and may come as a source of optimism for many investors. However, at the same time, it should also be noted that there was no major move in the stock yesterday and it remained within a range. The Chief Executive Officer of the company also stated that investors could look forward with optimism in the coming months as Stellar AfricaGold has exciting plans in place. In light of the announcement, it now remains to be seen if the Stellar AfricaGold comes into focus today or not.
