Those who are interested in gold stocks have probably noticed that the Galane Gold Ltd (OTCMKTS:GGGOF) stock has had a strong move over the course of the past week and managed to record gains of as much as 6% during that period.
Trading Data
On Wednesday, GGGOF stock ended up by 0.40% to $0.10 with more than 352k shares, compared to its average volume of 286k shares. The stock has moved within a range of $0.0995 – 0.1000 after opening trade at $0.0995.
Key Details
Yesterday, the company had been in the news after it announced that it had sent in a notice to its Chief Financial Officer Gavin Vandervegt for the purpose of terminating his contract with Gelane Gold. In this regard, it is necessary to point out that Vandervegt has been working as the Chief Financial Officer of the company since October of 2016.
Although the notice for terminating the contract has been sent, Vandervegt is going to stay on with Gelane Gold over a period of maximum of three months in a transitional role. It goes without saying that such a move can often bring more attention to the stock among investors and can have an impact on the stock price one way or another.
It now remains to be seen how the stock performs over the course of the coming days after this particular announcement from Gelane Gold. The company thanked Vandervegt for his services.
Key Quote
“We would like to thank Gavin for his tireless and invaluable contributions to Galane Gold,” said Nick Brodie, Chief Executive Officer. “We wish him all the best in his future endeavours.”
