GoldLand Holdings Co (OTCMKTS:GHDC) announced that it has become current with its SEC filings and its status has now been updated to “Current” on the OTC market. The positive vote of confidence from investors and shareholders since the stock up $0.0111 or 17% closing the day at $0.076. Intra-day highs hit $0.09 towards the end of the day but closed back down. Volume surged from an average of 132,000 shares to over 375,000 trading hands.
In the last 12 trading days, GHDC has climbed over 200%. The recent climb is due to several developments. The first is the company becoming current with the SEC by updating its filing. The second is the fact that Gold prices have been climbing and the entire gold mining industry has been gaining and reaching new 52-week highs. GHDC will likely continue to gain momentum.
Regarding the accomplishment of becoming current, the Chief Executive Officer stated “This is a great milestone for the Company. I would like to thank all of the management team and professional service providers for their resilience and dedication to accomplish these filings. Being fully reporting and having ‘CURRENT’ status gives the Company solid credibility within the investment communities. With this step now complete it will allow us to concentrate fully on the building of this company through the solidification of the many business relationships that have been established over the past year.”
Another recent development is that the company intends to uplist from the pinksheets to the OTCBB market. The first step in doing this was to become current with the SEC. It would not be surprising to see the company uplist and the share price to appreciate further as the company releases new announcements regarding its several ventures and partnerships.
GHDC specializes in exploration and development for Gold and Silver mining properties in North America. It has several mining properties, which is a variety of land and mining claims on and near War Eagle Mountain.
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GHDC is currently trading at a $19.72 million market valuation. With gold prices continuing to climb as central banks continue to pursue monetary easing policies, GHDC will likely benefit. Once unprofitable mines will become profitable as gold prices rise. The OTCBB uplisting will provide more liquidity to investors and allow the company to raise capital at better terms. There will be more to this story as it unfolds. Stay tuned and subscribe.
We will be updating on GHDC when more details emerge so make sure you are subscribed to Microcapspot so you know what’s going on with GHDC .
Disclosure: we hold no position in GHDC either long or short and we have not been compensated for this article.