The mining sector has always been of massive interest for investors and for good reason too as mining products run most of the industries in the world. Those who may be looking into mining stocks at this point in time could consider adding the Buscar Company (OTCMKTS:CGLD) stock. It has been one of the biggest movers over the course of the past week amidst heavy interest and managed to deliver gains of as much as 100%.
About Buscar Company
The company is the owner of a number of mining claims at the Plumas National Forest in California and it is an area that holds plenty of promise. The area boasts of as much as 200 acres of land with mineral deposits which can be found at the Lights Creek Mining District.
Buscar Company Forward Split
In light of the gains made by the company in the last week, it is important for investors to take a closer look at the announcement made by the company back on January 24, 2021. The company announced that it was going to complete a forward shared split. As per the formula devised by Buscar Company, the split is going to see three and a half units of the new common shares in the company awarded to each shareholder who holds one unit of the old common shares.
All the shareholders who hold shares in Buscar Company as of February 11, 2022, are going to be entitled to the new shares that are going to be distributed.
In this context, it is necessary to point out that the entire market value of the company’s shares is going to remain the same despite the forward split. The company announced at the time that it was engaged in making a final arrangement with regards to the submission of the filing to FINRA. It was also noted that Buscar Company would need to complete the filing with FINRA at least 10 days prior to the record date.
Considering the sort of rally that has been seen in the stock over the past week, it may be safe to say that it is perhaps time for investors to consider keeping an eye on it in the coming weeks.