Bunker Hill Mining Corp. (OTC:BHLL) Stock Gains Momentum: How to Trade Now?
If you are currently looking into potential stocks for this morning’s trade, then Bunker Hill Mining Corp. (OTC:BHLL) could be one of the stocks to track. The stock gained momentum yesterday in light of a key announcement from the company last Friday.
Bunker Hill Announces Election to Issue Shares in Satisfaction of Debenture Interest Payment Obligations
Bunker Hill Mining Corp announced that it issued 5,175,000 shares of its common stock to some of the holders of the 7.5% convertible debentures, 10.5% convertible debentures, and Series 1 convertible debentures. This helped the company complete the interest payment to the tune of $5,175,000 accrued up until September 30, 2024. The Series 1 convertible debts would mature on March 31, 2028, while the Series 2 convertible debts would mature exactly a year later.
As per the provisions of the convertible debentures, Bunker Hill Mining Corp. would issue the interest shares for a price of $0.10 each on the basis of 90% of the 10-day volume-weighted average stock trading price on the TSX Venture Exchange.
The 10-day period under consideration had been September 2024 to September 20, 2024. It was also noted that the issuance of the interest shares was subject to the terms and conditions pertaining to the convertible debentures in addition to all the relevant regulatory approvals.
Traders Note
Technicals
| +/- EMA(20) | 0.12 (-0.08%) |
| +/- SMA(50) | 0.12 (-0.08%) |
| +/- SMA(200) | 0.1 (+19.90%) |
| 5-Day Perf. | +1.44% |
| 1-Month Perf. | +1.96% |
| 3-Month Perf. | -1.4% |
| 6-Month Perf. | +21.23% |
| YTD Perf. | +22.35% |
| 1-Year Perf. | +9% |
| RSI(14) | 53.72 |
| ATR(14) | 0.01 |
| ADX(14) | 19.14 |
