Shares of Affinity Metals Corp. (OTCMKTS:ARIZF) (TSXV: AFF) have been moving within a range over the past few sessions.
Market Reaction
On Friday, ARIZF stock ended flat at $0.0599 with 1.2K shares, compared to its average volume of 35shares. The stock has moved within a range of $0.0599 – 0.0599 after opening trade at $0.0599.
Shares for Services Agreement Completed by Affinity Metals
Affinity Metals Corp. (OTCMKTS:ARIZF) (TSXV: AFF) has announced on February 04, 2022 about the issuance of common shares. Till now, 240,000 common shares of the company have been issued, for the completion of a shares for services agreement with Mr. Herbert Strauss. Details were covered in the press release dated January 25, 2022.
Affinity Metals Corp. is involved in acquiring, exploring and developing strategic metal deposits based in North America. It also holds properties in British Columbia, Ontario and Quebec. The company has adopted a hybrid approach by combining the advancement of strategic assets, and following a Project Generator model as well.
As of now there is no work pending under this agreement – every aspect is complete, while all shares related to the work are now issued. Once they have been issued, shares under this agreement will have a hold period that is set to expire after 4 months and one day from the date of issuance. This condition is in accordance with applicable securities laws and the policies of the TSXV Exchange. Final approval for all the agreements has been granted to the company by the TSXV.
Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America.
Traders Review
ARIZF stock is trading above the 20-Day and 50-Day Moving averages of $0.0622 and $0.0757 respectively. However, the stock is trading below the 200-Day moving average of $0.1039.
