Moon Equity Holdings Corp (OTCMKTS:MONI) Stock Sees Selling Pressure After The Recent Jump
Shares of Moon Equity Holdings Corp (OTCMKTS:MONI) ended lower in the previous trading session on unusual volume.
Market Stats
On Tuesday, MONI stock moved down 10.58% at $0.0490 with more than 1.70 million shares, compared to its average volume of 2.32 million shares. The stock has moved within a range of $0.0490 – 0.0539 after opening the trade at $0.0525.
Details Its Acquisition of MINERA RADIANTE S.A.C. Mining Company
Moon Equity Holdings Corp (OTCMKTS:MONI) on November 2, 2021, confirmed details on the acquisition of 95% of MINERA RADIANTE S.A.C.
The firm, which has been operational since 2013, has been led by third-generation Peruvian miner, Darwin Cardenas Mendoza. Moon asked the team on performing three months of exploratory due diligence from the South tip of Peru to the Northern Border of Ecuador. The company has been exploring the best opportunities for its future in Peru and it has already bought 95% of MineraRadiante S.A.C., who would work with a 4th generation Incan Miner, retaining a 5% stake.
Mendoza is providing strategic leadership to the company on forging a relation between its mining operations and the Peruvian government’s new plan of legalizing artisanal miners controlling 29,000 gold mines in the 6th largest gold reserve globally.
Marketing, distributing, buying, and selling of various minerals to wholesale/retail includes minerals such as: copper, zinc, silver, gold, lead, coal anthracite, tungsten, manganese, iron, carbonate of calcium, sulfates of magnesium, potassium, sulfur, dolomite, marble, sulfates and phosphates, tailings, concentrates, semi-precious stones, and derivatives in mining in general. Most of all, it secures the local relationships for Moon’s growth and sustainability in the Peruvian Mining Industry
With over three decades of active operational experience in all facets of community mining as well as mineral exploration, it has run several operations for majors, juniors, and artisanal at all levels.
A native Incan Peruvian, Mendoza will ensure operations are streamlined with all tribal, municipal, regional as well as national ordinances.
Mendoza said that intelligent strategic relationships of the modern-day will ensure long-term benefits to people and shareholders.
Key Quote
“Intelligent Strategic Relationships Forged Today Using the Minerals of Our Ancestry will Provide Mutual Long-Term Benefits to our Shareholders and Our People.” – DARWIN CARDENAS MENDOZA
Traders Corner
MONI stock is trading below the 20-Day and 50-Day Moving averages of $0.0573 and $0.0609 respectively. However, the stock is trading above 200-Day moving average of $0.0470. The stock is up 1940% so far this year.
