The equity market has witnessed an eventful period in the past few months, and good opportunities have been hard to come by for the investor. However, the bear market might present an opportunity to buy on the dip and wait for the market to correct to make profits. One stock for consideration in the current circumstances is Buscar Company Inc. (OTCMKTS:CGLD) which jumped 12% in the last session.
Trading Data
On Friday, CGLD stock surged 12% to $0.0700 with more than 10K shares traded, compared to a volume of 15K shares. The stock moved within a range of $0.0700 – 0.0700 after opening trading at $0.0700.
About Buscar
Buscar is a company that focuses on purchasing, racing, breeding, and selling thoroughbreds. In addition, the company plans to buy horses for competition in stake racing. Founded in 2010 as Buscar Oil Inc., the company changed to Buscar Company in 2015. It is headquartered in Marina Del Rey in California.
Buscar Company, Inc. Announces Amendment to Effective Date for Forward Split
The company announced the filing of a Certificate of Amendment in Nevada, pushing the effective date of its proposed 3½ to 1 forward split to September 1, 2022. This forward split will be subject to FINRA approval that has been informed about the Amendment submission. As per the company’s previous announcement, only shareholders that were on record shall be entitled to the Stock Split. The company sought to split the stock in a bid to make its capital structure attractive to various investors. Therefore, the forward stock split will take place subject to FINRA approval.
Also, Buscar Company recently announced the completion of a review process by the Secretary of State of Nevada and submitted an application to change its name to Eon Discovery Group Inc. EON is a mining firm holding rights to ten gold mining rights at Treasure Canyon in Plumas County in California. Recently the firm purchased another 30 gold claims in the Bucks Lake area located in the Northern part of California. In total, the company has around 800 acres of unpatented claims across Plumas National Forest.
