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Bullboard - Stock Discussion Forum Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of... see more

GREY:RBYC - Post Discussion

Ruby Creek Resources Inc > Trading volume
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Post by Public_Heel on Mar 05, 2012 9:46am

Trading volume

Just amusing myself, I notice that shares traded over the prior 16 days totals 1/2 of one percent of outstanding, and that's assuming none were traded twice.

So, clearly, nearly all shares are either being held onto tightly, either because the owners believe in the company, or because they know that they can't sell in any meaningful volume w/o driving the price WAY down.

On the other hand, no one is BUYING with any conviction, either. I guess it's all just wait-and-see....

Comment by Yukon_Cornelius on Mar 05, 2012 5:47pm
Glad a buyer showed up late. I think the holders are holding tightly and there's no liquidity for day-traders. As for buying conviction- I added shares a couple weeks ago, but for the general populace, there's no compulsion to jump in. I'm hopeful that liquidity issue will resolve itself in time- I think it will. Until we show some sold gold- we're only known to a small  ...more