Market News SLGLF
SLGLF: Volume Spike; 42% > 20-adsv, Stock +8.18%
WEDNESDAY, FEBRUARY 21, 2007 02:20 PM
This is the 2nd VOLUME alert for SLGLF in the past 7 calendar days.
Trading for Silverado Gold Mines Ltd (OTCBB: SLGLF) has been heavier than usual in today's session. By 14:20 ET, the stock had already traded 6,490,700 shares via 219 trades. The cumulative volume is 42.44% above its 20-day average of 4,556,905. Normally the stock experiences around 230 individual trades per session.
So far, today's volume surge has caused a net rise in SLGLF's stock price. At the time of this alert, the stock was trading at $0.119, up $0.009 (+8.18%).
One year ago, the Company's shares closed at $0.162. The price has declined more than 26 percent since then.
Over the last 10 trading session SLGLF has traded in a range between $0.089 and $0.111 and is currently trading 33.89% below its 52-week high of $0.180 set on May 01,2006 and 153.19% above its 52-week low of $0.047 from October 25,2006.
In the previous 3 sessions, SLGLF trading has displayed a positive trend. Closing results have been as follows:
February 20, 2007 --- closed at $0.110 up $0.008 (+7.84%) on 8,987,700 shares February 16, 2007 --- closed at $0.102 up $0.002 (+2.00%) on 4,720,300 shares February 15, 2007 --- closed at $0.100 up $0.001 (+1.01%) on 3,553,100 shares
The Company last released news on January 29, 2007:
"Silverado Gold Mines Ltd. - Nolan Lode gold and antimony exploration update - Drill confirms gold/antimony to a depth of 210 feet open to depth - High grade antimony assays confirmed"
SILVERADO GOLD MINES LTD Engaged in the acquisition and exploration of mineral properties in the State of Alaska. The company's plan of operations is to carry out exploration activities at the Nolan Gold Project.
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