Sharprock Resources (OTC:SHRK) is a mineral exploration and development company based in Vancouver, B.C. The company is in a very early stage. So far, it doesn’t have much of a history, but it seems things are starting to move.
Yesterday, SHRK skyrocketed 101.82% and closed at $1.11. The volume was times above the average, reaching nearly 66 thousand shares.[BANNER]
It is not quite clear what triggered the buying yesterday. The company issued a press release on Oct. 14, saying SHRK had entered into an exclusive MOU to acquire an interest in a prospective gold project in Chukotka, Russia.
The other news about SHRK is from yesterday afternoon. SHRK announced the appointments of a Chairman of the BOD, some board member and a CFO.
It is possible some of the volume generated was related to these appointments. Several Form 4’s, filed with the SEC previously, show that most of the volume of SHRK stock traded in previous sessions has been due to Harpeet Sangha, CEO and Secretary of SHRK, buying company stock in the open market.
It is not clear how things will go for SHRK from here, but it may be worth keeping an eye on.
