Secova Metals Corp (OTCMKTS:SEKZF) Stock Surges 70% In a Week: What’s Going On?

If there is one stock that most investors are likely to look into over the coming days then it is the Secova Metals Corp (OTCMKTS:SEKZF) stock in light of the massive 70% gain that it has recorded in the past week.

Trading Data

On Wednesday, SEKZF stock ended flat at $0.18 with more than 4.5k shares, compared to its average volume of 12.4K shares. The stock has moved within a range of $0.1800 – 0.1800 after opening trade at $0.1056.

Results of Secova’s 2021 Annual General Meeting

There has been considerable attention on the stock among investors in the past few days and on Wednesday it was in the news once again. Yesterday, it announced that the board of directors of the company had its annual general meeting back on December 30, 2021. As much as 19.52% of all shareholders votes had been represented at that AGM.

Perhaps more importantly, it is perhaps more pertinent to note that all the resolutions that had been put forward had been passed at the AGM. At the meeting, the proposal for a new share option plan had also been passed by the shareholders.

While these are important developments, it now remains to be seen if it leads to further bullish tendencies in the stock in the coming days. It may be a good move from investors to consider adding the stock to their watch lists at this point in time.

Technical Data

SEKZF stock is above the 20-Day and 50-Day Moving averages of $0.1131 and $0.1185 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0618.