In the past week, the Aztec Minerals Corp (OTCMKTS:AZZTF) stock has been a significant mover in the mining sector and has managed to deliver gains of as much as 7%.
Trading Data
On Wednesday, AZZTF stock gained 1.08% to $0.1971 with 93k share, compared to its average volume of 20k shares. The stock has moved within a range of $0.1878 – 0.1971 after opening trade at $0.1939.
Shareholder Update: Review of 2021 and Outlook for 2022
Considering the magnitude of the gains made by the stock in the past week, it could be a good idea for investors to note that yesterday Aztec Minerals had provided a review for the year 2021 and had shared its outlook for 2022. The company noted that at this point in time it held an interest of 75% in the Tombstone silver district located in Arizona.
On the other hand, the company also pointed out that in addition to that Aztec also held an interest of 65% in the porphyry gold copper project named Cervantes located in Sonara in Mexico. The Founder and Chairman of the company Bradford Cooke noted that 2021 had been a ‘busy year’ for Aztec Minerals.
In this regard, the more important highlight from 2021 for Aztec was the fact that it had managed to get into a 75 to 25 joint venture with Tombstone Partners. It could now be a good move for investors to keep a close eye on the stock and see if it can continue to edge higher.
Technical Data
AZZTF stock is trading below the 20-Day and 50-Day Moving averages of $0.1983 and $0.21 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.2354.
