As opposed to yesterday' s boom, North American Gem Inc. (
CVE:NAG,
NAG message board), (PINK:NGEMF) stock opened the trading session with a 4.35% price decline.
Yesterday, the shares of North AmericanGem Inc. bounced off the bottom aggressively in unison with thecompany's strategy to acquire aggressively leases and permits inKentucky to allow for future growth.
Being at the bottom for more than twomonths, NAG stock closed the trading session with a 15% price increasebetween the sessions on a volume of more than 5.7 million shareschanging hands.
Since there was no official announcementfrom North American Gem Inc., one of the possible reasons for the stockrush remains the speculative interest in the company's shares.
The other factor able to result in suchNAG stock stir were the granted by the company incentive stock options.At the end of last month, North American Gem Inc. granted options to itsdirectors, officers, consultants and employees to purchase 3 millioncommon shares, exercisable for a period of five years at a price of
.10 per share. Maybe some of these mentioned holders were eager toexercise their rights these days.
NorthAmerican Gem Inc. is a junior resource company in Western Canada. Thecompany has already one mine in operation. NAG acquired also anadditional mining lease that is fully-permitted and slated for coalproduction immediately.