With just one week left in this month’s Stock Challenge, contestants are running out of time to secure their place in the Top 3; member ‘iram53’ remains in first place, member ‘turtle_named_Mack’ in second, and member ‘bob4001’ is in third. However, some familiar faces are being to climb their way up the Top 10 again; member ‘Wreak Havoc’ now sits in fourth place while previous Stock Challenge Top 3 finalist ‘Rainendown’ is in sixth.
Rafarma Pharmaceuticals Soars While Golden Arrow Resources Falls
Rafarma Pharmaceuticals, a multi-product pharmaceuticals company, spiked 58.62% from C$0.29 to C$0.49 today. The company recently underwent a major management change, announced last week that it had appointed Vladimir Dolgolenko as its new CEO and President,
Via Rafarma Pharmaceuticals,
“Mr. Dolgolenko started his career in the Russian Ministry of Fuel Industry in the Foreign Relations Department in the Crude Oil Production and Processing Section. In 1991, he was appointed Executive Vice President of RosCanA and Vice President of Roscana Holdings, a U.S. corporation. In the 1990s while residing in the U.S., he was an exclusive representative of PetroFac Engineering (http://petrofac.com), a then Texas company, for the territories of Eastern Europe and Russia. Since then Mr. Vladimir Dolgolenko has occupied top executive positions in a number of US, European and other international businesses.
Mr. Dolgolenko has major management expertise in the development and implementation of biotechnologies in degraded soil processing and recultivation, as well as the monetization of new biotechnologies in agriculture, crude oil refineries, and petroleum waste processing.”
Not all companies had a strong trading day, however. Golden Arrow Resources—an exploration company that took home the biggest stock breakout of the day earlier this week—suffered the biggest breakdown of the day, falling 10% from C$0.30 to C$0.27. The company’s most recent announcement provided an update on the closing of their $1.2 million non-brokered private placement.
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