Wolverine Technologies Corp (OTCMKTS:WOLV) Stock Takes a Hit: Company Appoints a New Board of Director
Shares of Wolverine Technologies Corp (OTCMKTS:WOLV) closed sharply lower in the prevous session.
Traders Corner
On Tuesday, WOLV stock slumped 44.44% to $0.0030 with more than 10.9K shares, compared to its average volume of 327K shares. The stock moved within a range of $0.0027 – 0.0049 after opening trade at $0.0049.
Wolverine Appoints Craig Young to the Board of Directors
Wolverine Technologies Corp (OTCMKTS:WOLV) on March 1, 2022 announced appointment of Craig Young as director of Wolverine.
Holding a B.A. Sc. in Mining Engineering from Technical University of Nova Scotia, Craig has been engaged in Canadian mining industry for close to three decades.
Craig held senior roles at bigger mining operations throughout the country, having positions in Mine Operations, Mine Engineering and Capital Projects. The new Director has been with a number of large mining firms including Teck Resources Detour Gold Corporation as well as Centerra Gold.
Young’s mining background as well as industry connections make him a significant addition to the firm as it looks to develop base metals across the country.
The company had entered into an agreement with 86835 Newfoundland & Labrador Corp for acquisition of 40% interest in Frog Property located in Labrador, Canada. The Agreement enables the firm to issue 570,000,000 common shares at deemed price of $0.002 per share for price of $1,140,000.
Consisting of 315 claims having an area of 7,843 hectares, the property is located approximately 70 kilometres west-northwest of Natuashish and about 65 kilometres southwest of Nain, Labrador. This is situated 30 kilometres south of Voysey’s Bay copper, nickel and cobalt deposit operated by Voysey’s Bay Nickel Company Ltd, a subsidiary of Vale S.A.
Technical Data
WOLV stock is below the 20-Day and 20-Day Moving averages of $0.0045 and $0.0040 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0078.
