more news.analyst..
 |
0 Vote 0 |
Yukon-Nevada Gold Corp. (TSE:YNG), (PINK:YNGFF) Stock Is In Lull
|
Contributed by: Ekaterina Zelenkova
Date: Oct 18, 2010
On Friday, Yukon-Nevada Gold Corp. (
TSE:YNG,
YNG message board), (PINK:YNGFF) stock proved that it needs some lull before the next huge stir.
Theweak volume traded and the slight YNG's pull up by 1.35% on the TorontoStock Exchange expressed investors' unwillingness to conquer a new52-week high.
On the American Pink Sheets market, maybe in support of the above YNGFF pulled 0.51% back.
The shares of Yukon-Nevada Gold Corp. have been in a constant upward move for more than three months now.
ThisAugust, the news about the intersected additional strong goldmineralization at the Ketza River Project and the unsolicited take-overbid for the company's largest shareholder and creditor Tagish Lake GoldCorp. resulted in a skyrocketing action for the shares.
Lastmonth, the released by Yukon-Nevada Gold Corp. excellent results fromits ongoing 2010 drilling program at Ketza River added more gold to thecompany's shares. At that time, the traded with a heavy volume YNG stocknoted a new 52-week high at
.77 per share. Since then, the deals onYNG stock are for not less than 70% of a dollar.
In unison withthe price jump of gold and with the company's news, the strong upwarddirection of YNG was kept also in the beginning of this month. Then,Yukon-Nevada Gold Corp. released more positive developments in the KetzaRiver drilling program. This time, the accustomed to good newsinvestors were not so eager to bid for a new huge share price jump up.