The week started off on a sedate state for the Aurwest Resources Corporation (OTCMKTS:AURWF) stock as it traded within a range. Despite that, it is perhaps necessary for investors to keep in mind that the company was actually in the news yesterday and it may well be the right time to take a look into it.
Trading Data
On Monday, AURWF stock ended flat at $0.0832 with more than 15k shares traded, compared to its average volume of 250 shares. The stock has moved within a range of $0.0832 – 0.0832 after opening trading at $0.0832.
Aurwest Resources Announces Grant of Incentive Stock Options
The company came into focus yesterday after it announced that it had decided to grant stock options with regards to the possible purchase of as many as 2632500 common shares in Aurwest. The exercise price for the option has been set at $0.13 and it is going to be in play for two years since the issuance to the consultants, directors and management of Aurwest.
While the announcement was a significant one, it should be noted that the stock options can only be granted if it fulfils the policies of the Canadian Securities Exchange and also managed to get the acceptance of the exchange. Although the development was a significant one, it did not elicit much of a strong response from the investors and the stock continued to stay in a range. It remains to be seen if the Aurwest stock experiences a rally any time soon or not.
