The gold mining exploration for the penny stock of Grizzly Gold Corp. (GRZG) may be years, even decades away, but the insiders are already in the green. Having begun to hit the big money board, above $250,000 in volume, GRZG stock is showing the small green percentage gains thus far that will keep their investors locked in for a gold strike. As long as the ticker closes green, traders will be able to invest courageously understanding the history behind the Basari/Strobel mining deals of the past.
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GRZG Stock Chart
Market Cap: 69.46M
Close: 1.45 up 0.07 (5.07%)
Volume: 209,587
Dollar Volume: $296,587
High: 1.45
Low: 1.35
Trades: 150
Average Trade Size: 1,397
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Over $1 million has traded on Grizzly Gold in the last three trading sessions (Friday, Wednesday, Thursday). To think a sub penny newsletter could be pushing the penny stock momentum of GRZG is as likely as Starbucks signing a deal to carry Rohan Marley’s Jammin Java (JAMN) Coffee. Just remember, the Basari insiders own 23.90 million shares at a cost basis of just $0.00059.
About GRZG Stock
Grizzly Gold Corp. is a natural resource exploration company with an objective of acquiring, exploring, and if warranted and feasible, exploiting natural resource properties. The Company’s primary focus in the natural resource sector is gold.
Bottom Line: GRZG has started out like a typical “dollar plus” penny stock with gradual gains since t began trading last week. GRZG stock will reach its peak sooner rather than later but won’t have the cliff-dive drop that TAGG and PWEI will. Once the trend on the gold play begins to turn south, turn and walk away.
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