It was an excellent day in the markets for investors in Brookmount Gold Corp (OTCMKTS:BMXI) as the company’s stock went into a remarkable rally and ended the day with gains of as much as 25%. The Board of Directors of the company announced yesterday that the board was being restructured and that update set off the fireworks. Brett Morley, who is a non-executive director of the company, is resigning from his position.
Trading Data
On Wednesday, BMXI stock soared 24.57% to $0.0730 with 495.42K share, compared to its average volume 1.04 million shares. The stock moved within a range of $0.0586 – 0.0776 after opening trade at $0.0586.
Brookmount Gold Corporation Announces Board Restructuring an Appointment
In addition to that, the company decided to make IoannisPetratos the Executive Director of Investor Relations at Brookmount. It was a move from Brookmount that was meant to reflect that it gave importance to social media presence and investor awareness.
Nils Ollquist, who is the Chief Executive Officer of the company, spoke about the latest moves as well. He noted that the board of directors had decided to enhance and restructure the board so as to improve the company’s communications with the wider investment fraternity. He went on to add that such a move was necessary since Brookmount was looking to list its stock to a bigger exchange in the near future. It remains to be seen if the stock can add to its gains today or not.
Key Quote
In announcing this new Board initiative, Nils Ollquist CEO commented: “I am pleased to confirm that your Board of Directors is beginning a restructuring and enhancement process that will improve our ability to communicate with the investment community as we move to execute on our plan to transition listing of the Company’s shares on a senior exchange.
Technical Data
BMXI stock is trading below the 20-Day and 50-Day Moving averages of $0.1083 and $0.1001 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1371.
