Goldcliff Resource Corporation (OTCMKTS:GCFFF) (CVE:GCN) Stock Gains Momentum: Gains 17% In a Week

Goldcliff Resource Corporation (OTCMKTS:GCFFF) (CVE:GCN) is up 17% in a week. The company has announced a stock options grant to employees, officers, directors, and consultants to acquire 2 million common shares at $0.11 per share.

Market Stats

On Thursday, GCFFF stock ended flat at $0.0920 with more than 9K shares, compared to its average volume of 37k shares. The stock moved within a range of $0.0920 – 0.0920 after opening trading at $0.0866.

Goldcliff Grants Options

The granted options have a term of five years from the day of issuance for officers and directors and a three-year term for consultants and employees. Notably, these stock options grant will be subject to regulatory approval.

The company also announced that exploration activities had discovered drill targets at the Kettle Valley Gold Project located adjacent to Rock Creek, British Columbia. The Kettle Valley Gold project is a recently recognized epithermal silver-gold deposit in a zone without evidence or record of past mineral exploration. The company optioned the projects as per observations and testing by a vendor of an expansive boulder filed in a longing cut block.

The highly anomalous boulders in precious metals comprise quartz-carbonate breccias, bladed calcite and quartz veining. So, investors should watch GCFFF.  

Traders Corner

GCFFF stock is trading above the 50-Day and 100-Day Moving averages of $0.0842 and $0.0727 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0764.