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Exla Resources Inc (OTCMKTS:EXLA) Stock Attempts To Bounce Back After The Fall

Pete Matthews , , , ,

Investors are often known for investing in companies which have strong and capable management teams and hence, stocks often more either way following any development on that front. Yesterday, the Exla Resources Inc (OTCMKTS:EXLA) stock was in the middle of a mini rally and ended the day with gains of as much as 5% following a key announcement with regards to its management team.

Market Stats

On Wednesday, EXLA stock gained 5.38% at $0.0137 with more than 60k shares, compared to its average volume of 519k shares. The stock has moved within a range of $0.0137 – 0.0137 after opening trading at $0.0137.  

Recent News

The company announced that Christopher Malone joined Exla as a director and Chief Financial Officer. In addition to that, Curt Hubert also joined the company in the form of an independent director within its board of directors.

The two appointments have been made by the company with the express purpose of further strengthening the management team at Exla Resources. It seems that appointments have also led to a degree of optimism among investors and that was perhaps the reason behind the rally in the stock.

Both Malone and Hubert are highly experienced professionals in their respective fields and are expected to bring a lot of value to the company in their roles. It now remains to be seen if the Exla Resources stock can continue to rally over the coming days or not.

Traders Corner

EXLA stock has a pivot point at $0.0137. Key supports for the stock are 0.0137, 0.0137, 0.0137 and resistances are 0.0137, 0.0137, 0.0137. Moreover, RSI stands at 35.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.