Inca One Gold Corp (OTCMKTS:INCAF) Stock Moves Up After The News

Gold producing company Inca One Gold Corp (OTCMKTS:INCAF) had come into significant focus among investors on Thursday and that was apparent from the price action in its stock price.

Market Stats

On Thursday, INCAF stock jumped 3.31% at $0.2559 with more than 600 shares, compared to its average volume of 4.84 shares. The stock has moved within a range of $0.2559 – 0.2559 after opening trading at $0.2559.  

Inca One Exercises $3M Drawdown Option of OCIM Gold Pre-Payment Facility

The Inca One Gold stock ended the day with gains of as much as 3% and it may be a good time for investors to take a look at the announcement made by the company yesterday. The company, which is well known for operating two mineral processing units in Peru, announced yesterday that it had taken up the drawdown option with OCIM Precious Metals worth as much as $3 million.

Earlier on in the year in August it had been reported that Inca One Gold had managed to get a non-dilutive gold prepayment facility worth as much as $9 million from OCIM Precious Metals. As per the terms of the deal, the company was eligible for $6 million in the first tranche and $3 million in the form of the second tranche once it was able to fulfil certain conditions. It now remains to be seen if the stock can manage to attract more attention from investors over the course of the coming days.

Traders Corner

INCAF stock is trading below the 20-Day and 50-Day Moving averages of $0.28 and $0.30 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.30. The stock is down 18% in the past month.