Momentum stocks are all the rage among many investors and it is often regarded as a sound investment strategy by experts. One of the stocks to have gained notable momentum in recent days is that of Almaden Minerals Ltd (NYSE: AAU).
One of the triggers for the fresh momentum in the stock could have been the appointment of two new independent directors to the company’s board on March 31, 2020. The two new non-executive independent members of the board are Alfredo Phillips and Kevin O’Kane. Both are seasoned professionals and are expected to add considerable value.
On the other hand, investors also need to remember that earlier in March, the company had also completed a registered direct offering of its common stock and common stock warrants. The company closed it on March 18 and managed to raise as big as $10.3 million from the transaction. Almaden offered 7,923,077 common stock warrants and 15,846,154 shares of the common stock.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.