See the news today about the penny stock California Gold Corp (CLGL)? No? You don’t need any news when you got Rock n’ Roll! CLGL stock tweaking like an Eddie Van Halen version of Eruption to the tune of 230.77% gains, all of which were made before 9:31am. The heavy trading volume, in comparison to the 10 day average, 14,205, is setting traders up for a head banging hangover if they cant get out of this #2Flusher.
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CLGL Stock Chart
Last: 0.043, up 0.03 (230.77%)
Volume: 2,986,237
Open: 0.013
High: 0.05
Trades: 330
Average Trade Size: 9,049
Some traders may have missed the S-1/A filed three weeks ago that highlighted the Primary Offering of CLGL stock, 100,000,000 shares at 0.02. If not, maybe they were jumping on the most recent news on CLGL via Yahoo Finance that so happens to have been removed. Either way, the spike in today’s volume is going to leave a ton of bag holders hoping that the volume doesn’t revert back to:
5 Day Average: 6,780
10 Day Average: 14,205
20 Day Average: 13,976
30 Day Average: 29,458
50 Day Average: 25,435
100 Day Average: 99,026
200 Day Average: 81,174
Ytd Average: 92,912
About CLGL Stock
California Gold Corp. is an exploration stage mining company whose principal focus is the identification, acquisition and development of rare and precious metals mining properties in the Americas. The Company is still in the exploration stage and have not generated any revenues from our mining properties.
Bottom Line: CLGL is not a penny stock you want to have money tied up in on the eve of the eve of the long awaited APS announcement. If you find yourself stuck in CLGL stock after lunch, run down to your local convenience store and grab yourself a bottle of Hangover Joe’s (HJOE) The Hangover Recovery Shot™ and hope for a better chance to bail out in the PM.
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