The past week has been quite hard for Wolverine Technologies Corp (OTCMKTS:WOLV) as the company’s stock suffered from a fairly strong selloff and went down by as much as 14%. In this situation, it may be a good move from investors to consider taking a look at the announcement from the company yesterday.
Trading Data
On Tuesday, WOLV stock ended flat at $0.0036 with more than 40K shares, compared to its average volume of 545K shares. The stock moved within a range of $0.0036 – 0.0036 after opening trading at $0.0036.
Wolverine Announces Completion of the First Phase Exploration on the Frog Property
The company announced that it had been successful in the completion of a magnetometer survey at its Frog Property located in Labrador in Canada. The company announced that it had managed to complete as much as 28.5 line kilometre worth of surveying and the whole work had been accomplished by indigenous workers.
While it is true that the completion of this particular survey was an important one it did not lead to any major move for the stock and the decline continued. At this point in time, it may be a good move from investors to perhaps consider adding the Wolverine Technologies stock to their watch lists and then watch out for any move in the stock in the coming days. It remains to be seen if the latest announcement leads to any traction for the stock among investors or not.
Technical Data
WOLV stock is trading below the 20-Day and 50-Day Moving averages of $0.0044 and $0.0043 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0074.
