GNCC Capital (OTCMKTS:GNCP) Stock Jumps 33% In a Week: Issues A Final Update On Material Transaction

One of the stocks to have made notable gains over the past week was that of GNCC Capital (OTCMKTS:GNCP), which ended the day with gains of as much as 33% in the past week amidst heavy interest. The company announced yesterday that the size of a previously announced lithium transaction is actually much bigger than had been indicated in the press release earlier.

Market Stats

On Thursday, GNCP stock ended flat at $0.0002 with more than 190.72 million shares, compared to its average volume of 167.75 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trading at $0.0002.

Key Details

The company announced that the whole thing had been amended and the quantity of lithium to be included in the transaction is actually higher by as much as 250% with regards to both acreage as well as claims. The company also announced that it was the processes related to the amendment that had resulted in the delays in closing the transaction.

It goes without saying that it was a significant development for the company and the rally in the stock was also understandable in light of the announcement from GNCC Capital. The company also announced that it was going to start working on its corporate website from next week. By way of the news website, it is going to be able to provide updated and accurate information with regards to the developments. It may be a good idea to keep GNCC Capital on your radars this week.

Traders Corner

GNCP stock is trading above the 20-Day and 50-Day Moving averages of $0.0002 and $0.0002 respectively. The stock is trading in neutral zone with the RSI at 52.