Trinity Resources Inc (OTCMKTS:TRRI) Stock Rallies Following Key Update

Whenever a company decides to change its name and consequently, the ticker symbol of its stock, it is regarded as significant news by investors. Hence, it could be a good move for investors to consider taking a greater interest in the Trinity Resources Inc (OTCMKTS:TRRI) stock this morning following an announcement from the company yesterday.

Trading Data

On Tuesday, TRRI stock rose 5.09% to $0.3500 with more than 3.71K shares, compared to its average volume of 2.53K shares. The stock moved within a range of $0.3282 – 0.3500 after opening trading at $0.3500.

Trinity Resources Inc. Awaiting Regulatory Approval of Name and Symbol Change

The company announced yesterday that as revealed in its press release back on August 29 last year, it made an application to change its name and ticker symbol so as to reflect its new name Alzex Neuropharma Inc. The company announced yesterday that it was waiting for final approval for the same from FINRA.

Last year in August Trinity Resources had made an announcement with regards to the fact that it had successfully concluded the terms in relation to the asset purchase agreement with Alzex. By way of the agreement, the company got to acquire all the intellectual property as well as the assets of the target company.

As per the provisions of the agreement, the company completed the transaction through the issuance of as many as 10 million restricted Series A Convertible Preferred Stock to Alzex.