Harris Exploration (HXPN) Stock Doubled on High Volume: What Next?

The technology and mineral resources firm Harris Exploration (OTCMKTS:HXPN) saw its stock clock significant gains this past Friday after the company announced the appointment of a new leadership team.

The stock soared by as more than 100% this past Friday after the company announced that Stephen L. Bailey has been appointed as the new President, Chairman of the Bard and Chief Executive Officer. In addition to that, Bailey is also going to serve as the Chief Financial Officer of HXPN on an interim basis.

Prior to being appointed to his roles on May 11, 2021, he had been a consultant to the company for many months. In this regard, it is also necessary to point out that HXPN has been inactive as a business for many years. In recent times, the company’s board had been on the hunt for a new CEO in order to give HXPN a new direction and purpose. Investors could consider tracking the stock over the coming days.