Star Alliance International Corp. (OTCMKTS:STAL) Stock Takes a Hit: Company Signs Engagement Agreement with Investment Bank, Weild & Co.
Shares of Star Alliance International Corp. (OTCMKTS:STAL) have been trending lower over the past week with a fall of 28%.
Market Stats
On Friday, STAL stock ended flat at $0.6503 with more than 6.19K shares, compared to its average volume of 19.46k shares. The stock moved within a range of $0.6500 – 0.8500 after opening trading at $0.85.
Weild & Co. to be the Investment Bank for Star Alliance International Corp.
Star Alliance International Corp. (OTCMKTS:STAL) has announced on March 18, 2022 about entering into an engagement agreement with Weild & Co., which is an independent investment bank, which utilizes the power of the cloud to create a platform that lets its independent and proven professionals to collaborate and provide a broad spectrum of corporate finance and capital raising services.
The agreement outlines the terms and conditions for Weild & Co., whose role is to assist Star Alliance International by raising capital for its acquisitions and expansion. Star Alliance International was incorporated in the State of Nevada in 2014. It later acquired the mining claims, buildings and equipment from Troy Mining Corporation, in 2019. This Project is situated at the base of the “gold mother lode” in one of the three major vein belts where the greatest concentration of minerals settled, over the years, in California.
Richard Carey, Chairman of Star Alliance, has said that Weild & Co. will act as their investment bank, and their expertise and contacts should prove to be extremely valuable for their vision and growth plans. He intends to continue building the team so they maintain the company’s momentum, while taking a few steps forward at the same time.
Key Quote
Richard Carey, Chairman of STAR, commented, “I am pleased to confirm that the Company has engaged with Weild & Co. to act as the Company’s investment bank. I am personally very pleased that Weild & Co. and their team have agreed to work with our Company. We feel they bring the expertise and contacts that we need to support our acquisition and growth plans.
Traders Corner
STAL stock is trading below the 20-Day and 50-Day Moving averages of $0.7345 and $0.9267 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.95.
