Royal Helium Ltd (OTCMKTS:RHCCF) Stock Surges 17%: Here is Why

There were many companies which had been in the news for reason or another last Friday and one of those was Royal Helium Ltd (OTCMKTS:RHCCF). The company announced on that day that it had appointed a new member to its board of directors in the form of Karl F Kurz.

Trading Data

On Friday, RHCCF stock rose 16.28% to $0.3022 with more than 43.70K shares, compared to volume of 68.28K shares. The stock moved within a range of $0.2647 – 0.3100 after opening trade at $0.2647.

Royal Helium Appoints Karl Kurz to Board of Directors

In this context, it could be a good idea for investors to take a look into his credentials as a professional in order to make their minds up about the appointment. Kurz has worked for more than four decades for both public and private energy industry entities. He had been the Chief Operating Officer Anadarko Petroleum Corporation, which was later on acquired by Occidental Petroleum in a deal worth $55 billion in 2019 in one of the biggest mergers and acquisitions deals in the industry.

He had joined Anadarko back in 2000 and had held a number of leadership positions in the company. Additionally, he had also served on the board of directors of a multibillion dollar companies and that experience could prove to be invaluable for Royal Helium. Not too long Kurz had also been an operating advisor for the specialty finance firm Ares Capital.