Big Ridge Gold Corp (OTCMKTS:ALVLF) Stock Continues to Trend Lower: Down 13% In a Week

In recent days, the Big Ridge Gold Corp (OTCMKTS:ALVLF) stock has been one of the poorer performers in the mining space and the trend continued unabated on Thursday. The stock suffered from a selloff yet again and went down by as much as 3% following an update from the company.

Market Stats

On Thursday, ALVLF stock slid 8.73% at $0.1967 with more than 127k shares, compared to its average volume of 99K shares. The stock has moved within a range of $0.1967 – 0.2184 after opening trading at $0.2184.

Provides Update on AGM

The decline in the stock yesterday took its losses for the past week to as much as 13%. Yesterday, the updates were addressed to the company’s shareholders with regards to the general and annual meeting of shareholders which will take place next week on December 14, 2021.

The company noted that the meeting is going to start at 12 p.m. Eastern Time. The timing remained unchanged. The location of the meeting was unchanged as well and the company confirmed that the annual and general meeting of shareholders was going to be held at 84, Connor Avenue, Collingwood.

Big Ridge noted that attendance at the meeting is going to be limited to shareholders who are already registered and for proxy-holders who have been appointed validly. The meeting is going to made available online by way of a webcast and interested parties could take a look.

Traders Corner

ALVLF stock is above the 20-Day and 50-Day Moving averages of $0.2506 and $0.2475 respectively. The stock is trading in the neutral zone with the RSI at 35.  The stock is down 30% in the past month.