Hawkeye Systems Inc. (OTCMKTS:HWKE) a technology holding company that is focused on developing state-of-the-art technology, pandemic management products, and services, has terminated the Letter of Intent with Blue Gold International Limited, which owns and operates long-life gold mines that are being developed into high quality and sustainable producers of gold.
Trading Data
On Friday, HWKE stock lost 44.24% to $0.0300 with more than 729.98K shares, compared to its average volume of 149.77K shares. The stock moved within a range of $0.0260 – 0.0580 after opening trade at $0.0510.
Hawkeye Systems terminates Letter of Intent to Acquire Blue Gold International Limited
This move comes in the wake of being unable to reach an agreement on closing conditions. Corby Marshall, CEO of Hawkeye Systems Inc., commented that while they are content with the underlying value of the gold asset represented by Blue Gold, they couldn’t agree to terms that would be acceptable to exist shareholders.
He further stated that even though they are unhappy with the outcome, they are already seeking out other strategic alternatives.
Hawkeye Systems, Inc. is a technology holding company that has focused on cutting-edge technology, pandemic management products, and services. The Company has made the decision in the current environment to seek out alternative opportunities while we continue to wind up our existing PPE business.
Technical Data
HWKE stock is below the 20-Day and 50-Day Moving averages of $0.0504 and $0.0504 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0444. The company has a total market capitalization of $750K. The stock is down 28% over the past month.
