Last Friday GGX Gold Corp (OTCMKTS:GGXXF) stock was trading within a range on Friday but at the same time it is perhaps necessary to note that the company also made a key announcement. Before the start of the new trading week it may be a good time to take a closer look into it.
Market Reaction
On Friday, GGXXF stock ended flat at $0.1022 with 200 shares, compared to its average volume of 148 shares. The stock moved within a range of $0.1022 – 0.1022 after opening trade at $0.1022.
GGX Gold Corp Announces April Diamond Drilling Program – Historic Gold Mining Camp – Greenwood BC
On Friday the company announced its plans with regards to the exploration initiative for 2022 at the Greenwood Mining Camp that is situated in British Columbia in Canada. The property is owned in its entirety by GGX Gold Corp. It goes without saying that it was a major new announcement from the company but it did not lead to any major move in the stock.
GGX Gold Corp announced that a surface drilling programme is going to be scheduled which is going to consist of 2000 metres worth of drilling. In the 2022 programme, the company is planning to have drilling activities at the Gold drop and North Star mine areas. In addition to that, mining is also going to take place at Ken vein and Highland Valley vein. It remains to be seen if the stock can make any move today or not.
Traders Review
GGXXF stock is trading below the 20-Day and 50-Day Moving averages of $0.12 and $0.1140 respectively. Moreover, the stock is trading below the 100-Day moving average of $0.1239.
