The investors in Brightrock Gold Corp (OTCMKTS:BRGC) did not have a particularly great time on Tuesday as the stock went through a strong selloff and ended the day with a decline of as much as 7%.
Technical Data
BRGC stock is trading above the 20-Day and 50-Day Moving averages of $0.11 and $0.09 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.06.
BrightRock Gold Corp Announces Progress on Lithium Mine Ownership Transfer
There was no news about the company yesterday but the day before Brightrock announced that the ownership transfer following its acquisition of 100% interest in the Midnight Owl Mine had made positive progress. The company added that the process involving the official transfer of the ownership of the mine from Red Beryl Mining Company to Brightrock was on the verge of completion.
While it goes without saying that the announcement was a positive one for Brightrock it did not seem to enthuse investors and yesterday, the stock went through a slump. That being said, it is going to be interesting to see if there is a reversal in fortunes for the Brightrock stock over the course of the coming days or not. At this point in time, it may be a good idea for investors to keep an eye on the developments with regards to the ownership transfer in the coming days and also watch the price action in the stock.
Technical Data
BRGC stock is trading above the 20-Day and 50-Day Moving averages of $0.11 and $0.09 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.06.
