Lake Resources NL (OTCMKTS:LLKKF) Stock Gains Momentum After Recent News

Following a major new announcement today, it could be a good move for investors to keep an eye on the Lake Resources NL (OTCMKTS:LLKKF) stock this morning.

Trading Data     

On Wednesday, LLKKF stock rose 3.42% to $0.5202 with more than 49.80K shares, compared to volume of 407.51K shares. The stock moved within a range of $0.4900 – 0.5500 after opening trade at $0.4900.

Lake Resources Announces Executive and Board Actions

The company came into focus among investors today after it announced that it appointed a new Head of Legal for its Australian operations and company secretary in the form of Mark Anning. However, that was not all. Stu Crow has also been transitioned to the role of the non-executive chairman of the board of directors at Lake Resources. It should be noted that the transition had been announced back in June last year when Crow had taken up the role of the Executive Chairman at the company.

David Dickson, who is the Managing Director and Chief Executive Officer at the company spoke about the latest development as well. He noted that it was an exercise that was going to help in augmenting the bench of talent that was there at Lake Resources. The company was looking to have a squad of executives and members of the board who are recognized internationally. He went on to add that it was particularly important because the company was pursuing major opportunities.