It is likely that many investors are possibly going to take a look at the Gabriel Resources Ltd (OTCMKTS:GBRRF) stock this morning after it emerged as one of the major gainers and ended up with gains of as much as 5% for the day. In this situation, it might be a good time for investors to consider taking a look at the major announcement from Gabriel Resources yesterday.
Trading Data
On Thursday, GBRRF stock ended flat at $0.1720 with more than 800 shares, compared to its average volume of 12.9K shares. The stock has moved within a range of $0.1720 – 0.1720 after opening trade at $0.1720.
Issuance of Incentive Stock Options and Deferred Share Units
The company announced yesterday that it granted inventive stock options to the tune of as many as 297790 as per the provisions of its stock option plan to some of the directors of the company in the form of non-cash element in their fees for the fourth fiscal quarter of 2021.
In addition to that, the directors had also been awarded as many as 161171 deferred units of the Gabriel Resources share as per the provisions of the deferred share unit plan. The announcement from the led to a fair degree of optimism about the stock among investors and that is possibly the reason behind the rally that was witnessed yesterday. It now remains to be seen if its can manage to hold on to its momentum this morning.
Technical Data
GBRRF stock is trading above the 20-Day and 50-Day Moving averages of $0.15 and $0.16 respectively. However, the stock is trading below the 200-Day moving average of $0.20.
