The GCM Mining Corp (OTCMKTS:TPRFF) stock was trading in a range yesterday but at the same time it is necessary for investors to note that the company was in the news as well owing to an announcement. Anyone who is interested in the stock could do well to consider taking a look at the aforementioned announcement.
Trading Data
On Tuesday, TPRFF stock gained 0.44% to $4.57 with more than 109k shares, compared to its average Tuesday of 56k shares. The stock moved within a range of $4.4000 – 4.5900 after opening trading at $4.50.
Key Details
The company announced yesterday that it had completed the filing of an early warning report with regards to an acquisition yesterday. The filing was made with the Chi-X Market with regards to the acquisition of 3,430,000 shares of Denarius Metals Corp that had been completed by GCM Mining Corp.
The company announced that it had acquired the shares in Denarius for $0.475 each and the total value of the transaction had stood at $1,645,545. The whole thing had been completed by way of a block trade.
The acquisition made by GCM Mining Corp actually represent 1.65% of all the outstanding and issued shares in Denarius. While the announcement was a major one it did not lead to any major move in the stock. It appears that investors are still waiting for further news before making their minds up about the stock.
