Andean Precious Metals Corp (OTCMKTS:ANPMF) Stock In Focus After Key Development

One of the stocks that may be worth tracking this morning is that of Andean Precious Metals Corp (OTCMKTS:ANPMF), the silver producer which own a solitary large scale oxide plant in Bolivia.

Trading Data

On Wednesday, ANPMF stock moved up 0.13% to $0.5380 with more than 16.38K shares, compared to its average volume of 18.66K shares. The stock moved within a range of $0.5380 – 0.5656 after opening trade at $0.5548.

Andean Precious Metals Changes Executive Team and Consolidates Main Corporate Functions in Monterrey; Appoints First Lead Independent Director, Grant Angwin

The company came into focus yesterday after it made an announcement with regards to the fact that it was moving its corporate operations from Toronto in Canada to Monterrey in Mexico. In this context, it should be noted that Monterrey is in fact the business capital in Mexico and is the corporate base of many large multinational companies. That being said, it is important to point out that the registered office of Andean Precious Metals is going to continue to remain in Canada.

The founder and executive chairman of the company Alberto Morales spoke about the move yesterday. He noted that the company was looking to consolidate all of its corporate functions in one office and it was an important move so as to focus on the next round of growth.

He went on to thank the Canada based employees who had helped the company in making the transition process as smooth as possible. It remains to be seen if the Andean Precious Metals stock manages to come into focus today.

Key Quote

“Consolidating our main corporate functions into one office is an important step for Andean as we focus on the next stage of our growth,” said Alberto Morales, Andean’s Founder and Executive Chairman. “I would like to express appreciation to our Canadian employees and contractors for their dedication and continued support in assisting with a smooth transition process.”