Harte GoldCorp (OTCMKTS:HRTFF) Stock Continues to Trend In a Range

Harte GoldCorp (OTCMKTS:HRTFF) is moving in a range after the company announced that it had received protection from creditors, pursuant to the Initial Order announced on December 7, 2021, for a stay period of ten days.

Market Stats

On Friday, HRTFF stock ended flat at $0.010 with more than 506k shares, compared to its average volume of 195K shares. The stock has moved within a range of $0.0100 – 0.0100 after opening trading at $0.0089.

Announces Extension of Stay Period and Approval of Increased DIP Financing

The Ontario Superior Court of Justice had granted the company protection against creditors pursuant to an Initial Order under the Companies Creditors Arrangement Act R.S.C. 1985, c. C-36. Also, FTI Consulting Canada Inc. was given the responsibility of monitoring Harte Gold.

Interestingly, on December 7, 2021, the company had also announced that it would seek a hearing set for December 16, 2021, following approval from the Court, a raise of the DIP Financing Facility to $10.8 million as approved in the Initial Order. Also, the company sought the sale and investment solicitation process and approval to use a subscription agreement between the company and 1000025833 Ontario Inc., a subsidiary of Silver Lake Resources Limited. Following negotiations after the grant of the Initial Order, the company executed a subscription agreement with the investor. Investors should watch HRTFF.

Traders Corner

HRTFF stock is trading below the 20-Day and 50-Day Moving averages of $0.0130 and $0.0264 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0706.