Volume picked up, in a very sexy way, on the penny stock of Bullfrog Gold Corp. (BFGC) last week which makes us believe, its time to catch this frog. BFGC stock price rose, together with volume, to as high as 0.66 last week after the Company acquired an option to purchase the Klondike Project located in the Alpha Mining District. We profiled Bullfrog when they first leaped onto the scene as a tadpole, and now feel its time to go frog catchin’ and profit on this junior gold miner.
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BFGC Stock Chart
Market Cap: 19.45M
July 11: 68,900
July 12: 135,800
July 13: 208,170
a/o May 09, 2012
Shares Outstanding: 29.93M
10 Day Pct Change: 27.45%
10 Day Moving Avg: 0.5875
10 Day Avg Volume: 95,437
This new “Option to Purchase” could be a big deal for Bullfrog Gold Corp. since a minimum of two different types of mineral deposits exist on the Klondike Project property. The oldest is a silver-rich, lead-zinc event that appears to be related to a molybdenum porphyry system that is not exposed but indicated by geochemistry and alteration. The second, a later stage Carlin-style gold-arsenic-barite mineralizing event over-printed the earlier silver-zinc-molybdenum system. This event has wide-spread anomalous gold values with arsenic and associated calcite veining.
The land option could be rich considering a new gold discovery is currently being drilled by other companies just 10 miles west and could be the continuation of the massive Cortez gold trend. This is great, but an update on the January proposed exploration of the Company’s Bullfrog Gold Project would be more of a catalyst to propel the PPS of BFGC stock in the short-term.
About BFGC Stock
Bullfrog Gold Corp., an exploration stage company, engages in the acquisition and exploration of gold properties in the United States. It holds interests in the Newsboy project comprising 5,240 acres of state and federal lands located northwest of Phoenix, Arizona; and Bullfrog Gold project covering 1,650 acres of mineral claims and patents situated in northwest of the town of Beatty, Nevada.
Check out Bullfrog Gold Corp.’s SEC filings here.
Bottom Line: On July 2, we said to get BFGC stock on the list of penny stocks to watch. Its time to act on that watch now since Bullfrog Gold’s shares have clearly formed a bottom and beginning their rise towards that $1 level. Could BFGC be a smaller scaled version of NSRS? It is quite plausible to think that a slow and steady flow of volume could have BFGC stock chart soon looking much like that of IDNG pre-stock split.
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