There were many stocks that traded in a range yesterday and one of those was Dakota Territory Resource Corp (OTCMKTS:DTRC). However, considering the fact that the company had actually been in the news on Wednesday, it may be a good time for investors to consider taking a look at the development.
Trading Data
On Wednesday, DTRC stock fell 0.41% to $4.88 with more than 9.3K shares traded, compared to its average volume of 23K shares. The stock moved within a range of $4.8200 – 4.8800 after opening trading at $4.82.
Dakota Territory Resource Corp Announces Mailing of Meeting Materials & Letters of Transmittal
Yesterday, the company announced that it had actually mailed out the meeting materials to its shareholders who has the right to cast a vote at the special meeting of shareholders. The meeting in questions is going to be held on March 24, 2022 and it is going to commence at 10 in the morning.
The company also noted that the meeting materials has also been made available on its corporate website. While a wide range of things may be voted on at the meeting, the most important reason for calling the meeting is to approve the merger between Dakota Territory Resource Corp and JR Resources Corp.
A merger agreement had already been signed between the two parties as far back as September 10, 2021. Despite the fact that the stock was trading in a range, the announcement was a significant one from the company and could bring the stock into focus in the days leading up to March 24.
Technical Data
DTRC stock is trading above the 20-Day and 50-Day Moving averages of $4.85 and $4.63 respectively. Moreover, the stock is trading above the 200-Day moving average of $4.74.
