Mawson Resources Limited (MAW.TO), which ended yesterday's session a cent above 50-day average $1.55, has now moved up roughly 2% to $1.59 and landed between a $1.56 to $1.62 range, after announcing earlier today that it anticipates undertaking a spin-out of its Peruvian assets that would reorganize the business and capital structure of Mawson into 2 separate public companies to allow Mawson to focus on the development of its flagship Rompas property in Finland. Dr. Graham Carman was named as the new subsidiary's President and CEO.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
